iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Shares Shorted: Short Interest Down 41.6% in September

by · The Markets Daily

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 609,234 shares, a decrease of 41.6% from the August 31st total of 1,043,832 shares. Based on an average daily volume of 834,193 shares, the short-interest ratio is presently 0.7 days. Approximately 2.1% of the company’s stock are short sold.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several large investors have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $42,000. Allied Private Wealth LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth $355,000. Janney Montgomery Scott LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the 1st quarter valued at about $1,290,000. Finally, Syon Capital LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the second quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock valued at $12,142,000 after acquiring an additional 65,538 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Trading Down 1.5%

Shares of RING traded down $1.15 during midday trading on Wednesday, reaching $76.61. 376,943 shares of the company were exchanged, compared to its average volume of 611,486. iShares MSCI Global Gold Miners ETF has a 1-year low of $58.21 and a 1-year high of $100.41. The stock has a 50-day moving average price of $79.66 and a 200-day moving average price of $76.30. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 19.24 and a beta of 0.67.

About iShares MSCI Global Gold Miners ETF

(Get Free Report)

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.

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