Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 57,840 shares, a growth of 65.8% from the August 31st total of 34,886 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 45,124 shares, the short-interest ratio is presently 1.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in Sprott Junior Gold Miners ETF by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock valued at $2,733,000 after acquiring an additional 671 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Sprott Junior Gold Miners ETF by 34.2% in the 1st quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock worth $1,067,000 after purchasing an additional 3,159 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Sprott Junior Gold Miners ETF by 3.6% in the 1st quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock worth $712,000 after purchasing an additional 285 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Sprott Junior Gold Miners ETF by 57.7% during the first quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock valued at $312,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Sprott Junior Gold Miners ETF during the second quarter valued at approximately $265,000.
Sprott Junior Gold Miners ETF Stock Down 1.5%
NYSEARCA SGDJ traded down $1.35 on Wednesday, reaching $88.68. 24,843 shares of the stock traded hands, compared to its average volume of 73,409. Sprott Junior Gold Miners ETF has a 12 month low of $67.60 and a 12 month high of $115.78. The company has a market cap of $335.20 million, a price-to-earnings ratio of 16.26 and a beta of 1.05. The firm’s fifty day simple moving average is $91.67 and its 200 day simple moving average is $87.64.
Sprott Junior Gold Miners ETF Company Profile
The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.
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