iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Up 1,233.5% in October

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 976,100 shares, a growth of 1,233.5% from the September 30th total of 73,200 shares. Based on an average daily trading volume, of 335,200 shares, the short-interest ratio is currently 2.9 days.

iShares MSCI Global Gold Miners ETF Stock Down 1.8 %

NASDAQ:RING traded down $0.63 during trading hours on Friday, hitting $33.95. 338,673 shares of the company’s stock traded hands, compared to its average volume of 185,832. The firm has a market cap of $653.54 million, a P/E ratio of 28.50 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 52 week low of $20.18 and a 52 week high of $36.50. The business’s fifty day simple moving average is $33.07 and its two-hundred day simple moving average is $30.05.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently added to or reduced their stakes in RING. Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at about $43,000. Deane Retirement Strategies Inc. purchased a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at about $53,000. Family Firm Inc. raised its position in iShares MSCI Global Gold Miners ETF by 1.6% during the first quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock valued at $864,000 after purchasing an additional 527 shares in the last quarter. E Fund Management Co. Ltd. raised its position in iShares MSCI Global Gold Miners ETF by 6.4% during the second 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. Finally, OLD Mission Capital LLC raised its position in iShares MSCI Global Gold Miners ETF by 88.9% during the first quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock valued at $15,315,000 after purchasing an additional 285,006 shares in the last quarter.

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.