Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Expands By 165.3%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 553,606 shares, an increase of 165.3% from the March 31st total of 208,644 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 757,412 shares, the short-interest ratio is presently 0.7 days.

iShares MSCI Global Gold Miners ETF Trading Up 2.9%

NASDAQ:RING opened at $82.24 on Friday. iShares MSCI Global Gold Miners ETF has a twelve month low of $37.79 and a twelve month high of $100.41. The company’s 50 day moving average is $84.30 and its two-hundred day moving average is $77.28. The company has a market cap of $3.23 billion, a PE ratio of 19.24 and a beta of 0.66.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently modified their holdings of RING. NewEdge Advisors LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 736.3% in the first quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 9,940 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the second quarter valued at about $100,000. Strategic Blueprint LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 6.9% in the third quarter. Strategic Blueprint LLC now owns 5,843 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 376 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 20.9% in the third quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after purchasing an additional 3,533 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at about $85,000.

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.