iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 58,400 shares, a drop of 36.6% from the August 31st total of 92,100 shares. Based on an average trading volume of 240,900 shares, the short-interest ratio is presently 0.2 days.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of iShares MSCI Global Gold Miners ETF in the first quarter valued at $37,000. FCG Advisors LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at about $271,000. CIBC Private Wealth Group LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth about $308,000. Kovack Advisors Inc. increased its stake in iShares MSCI Global Gold Miners ETF by 3.3% in the 2nd quarter. Kovack Advisors Inc. now owns 10,842 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 342 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $522,000.

Shares of NASDAQ:RING traded up $0.22 during trading on Thursday, reaching $32.88. 82,541 shares of the stock were exchanged, compared to its average volume of 350,217. iShares MSCI Global Gold Miners ETF has a 1-year low of $14.01 and a 1-year high of $37.96. The stock has a fifty day moving average of $34.03 and a two-hundred day moving average of $29.36.

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