Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Update

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 48,900 shares, a growth of 321.6% from the May 15th total of 11,600 shares. Based on an average trading volume of 79,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are short sold.

Sprott Gold Miners ETF Trading Up 1.9%

NYSEARCA:SGDM opened at $46.72 on Friday. Sprott Gold Miners ETF has a 1 year low of $25.78 and a 1 year high of $47.04. The firm has a 50 day moving average of $41.73 and a 200-day moving average of $35.32. The stock has a market capitalization of $420.01 million, a P/E ratio of 20.35 and a beta of 0.46.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SGDM. HC Advisors LLC increased its holdings in shares of Sprott Gold Miners ETF by 5.3% in the fourth quarter. HC Advisors LLC now owns 47,815 shares of the company’s stock valued at $1,327,000 after purchasing an additional 2,411 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at approximately $1,908,000. Optimum Investment Advisors increased its holdings in shares of Sprott Gold Miners ETF by 25.4% in the fourth quarter. Optimum Investment Advisors now owns 8,900 shares of the company’s stock valued at $247,000 after purchasing an additional 1,800 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Sprott Gold Miners ETF by 12.1% in the fourth quarter. LPL Financial LLC now owns 89,907 shares of the company’s stock valued at $2,496,000 after purchasing an additional 9,723 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sprott Gold Miners ETF by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 51,735 shares of the company’s stock valued at $1,436,000 after purchasing an additional 3,066 shares in the last quarter.

About Sprott Gold Miners ETF

The Sprott Gold Miners ETF (SGDM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight. SGDM was launched on Jul 15, 2014 and is managed by Sprott.