Short Interest in Sprott Gold Miners ETF (NYSEARCA:SGDM) Decreases By 33.8%

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 46,628 shares, a decrease of 33.8% from the December 15th total of 70,458 shares. Based on an average trading volume of 47,749 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 47,749 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Sprott Gold Miners ETF

A number of hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in Sprott Gold Miners ETF by 645.8% during the second quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock valued at $121,000 after acquiring an additional 2,325 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of Sprott Gold Miners ETF in the 2nd quarter valued at about $313,000. PFG Investments LLC boosted its position in shares of Sprott Gold Miners ETF by 1.3% during the 2nd quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock valued at $879,000 after purchasing an additional 255 shares in the last quarter. Hilltop National Bank acquired a new stake in Sprott Gold Miners ETF during the second quarter worth approximately $57,000. Finally, Blue Trust Inc. grew its stake in Sprott Gold Miners ETF by 381.3% during the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after purchasing an additional 1,144 shares during the period.

Sprott Gold Miners ETF Stock Up 0.1%

SGDM traded up $0.11 during midday trading on Friday, hitting $78.41. 88,480 shares of the company were exchanged, compared to its average volume of 67,261. The firm’s 50 day moving average price is $68.63 and its 200-day moving average price is $58.89. The firm has a market capitalization of $745.68 million, a P/E ratio of -1,271.28 and a beta of 0.44. Sprott Gold Miners ETF has a 1-year low of $28.97 and a 1-year high of $80.10.

Sprott Gold Miners ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were given a $0.727 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 75.0%. Sprott Gold Miners ETF’s payout ratio is -470.18%.

Sprott Gold Miners ETF Company Profile

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.