iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 16.8% in January

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 369,400 shares, a decline of 16.8% from the January 15th total of 444,000 shares. Based on an average daily trading volume, of 276,600 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 2,162 shares during the period. Wintrust Investments LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $93,000. Fisher Asset Management LLC bought a new position in iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $245,000. Family Firm Inc. boosted its stake 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 valued at $1,185,000 after buying an additional 9,276 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in iShares MSCI Global Gold Miners ETF by 15.4% during the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after buying an additional 10,209 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Stock Performance

RING opened at $34.34 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of 28.50 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 52-week low of $20.32 and a 52-week high of $36.50. The stock’s 50 day moving average price is $30.85 and its 200-day moving average price is $31.67.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.216 dividend. The ex-dividend date was Tuesday, December 17th.

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.