iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw an uptick in trading volume on Tuesday . 342,216 shares traded hands during trading, an increase of 74% from the previous session’s volume of 196,274 shares.The stock last traded at $30.54 and had previously closed at $30.24.

iShares MSCI Global Gold Miners ETF Trading Down 0.4 %

The company has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $30.70. The firm has a market cap of $676.71 million, a P/E ratio of 28.50 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RING. Deane Retirement Strategies Inc. bought a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $53,000. E Fund Management Co. Ltd. boosted its position in shares of 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 worth $4,027,000 after buying an additional 8,739 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth about $43,000. Finally, Fisher Asset Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at approximately $245,000.

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.