iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 585,800 shares, an increase of 24.4% from the February 13th total of 470,900 shares. Based on an average daily volume of 267,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.8% of the shares of the stock are short sold.

iShares MSCI Global Gold Miners ETF Stock Performance

Shares of RING stock opened at $37.40 on Wednesday. The stock has a fifty day moving average price of $33.18 and a 200 day moving average price of $32.17. The stock has a market cap of $1.15 billion, a PE ratio of 16.74 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 1 year low of $23.24 and a 1 year high of $38.00.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bearing Point Capital LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $2,556,000. Climber Capital SA purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $1,821,000. JPMorgan Chase & Co. purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $6,052,000. Family Firm Inc. increased its position in iShares MSCI Global Gold Miners ETF by 28.2% during the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after buying an additional 9,276 shares in the last quarter. Finally, Wintrust Investments LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $93,000.

iShares MSCI Global Gold Miners ETF Company Profile

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.