The iShares MSCI Global Gold Miners ETF (RING) has experienced a significant outflow of approximately $198.1 million, representing an 8.2% decrease in shares outstanding from 31,050,000 to 28,500,000. This data was reported today and highlights a trend affecting the ETF amid fluctuations in the gold mining sector.
Notably, two major components of RING, Coeur Mining Inc (CDE) and McEwen Inc (MUX), have seen positive performance, with increases of about 11.9% and 7.8%, respectively. Currently, RING’s share price sits at $84.65, between its 52-week low of $48.66 and high of $100.41.
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