iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Tuesday . Approximately 404,455 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 206,317 shares.The stock last traded at $31.21 and had previously closed at $30.31.

iShares MSCI Global Gold Miners ETF Stock Up 2.8 %

The stock has a market cap of $682.19 million, a PE ratio of 28.50 and a beta of 0.75. The business’s fifty day moving average is $32.56 and its 200 day moving average is $30.87.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $43,000. Fisher Asset Management LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter worth about $245,000. Finally, E Fund Management Co. Ltd. lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 6.4% in the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock valued at $4,027,000 after purchasing an additional 8,739 shares in the last quarter.

About iShares MSCI Global Gold Miners ETF

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.