Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Large Drop in Short Interest

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 209,532 shares, a drop of 23.6% from the December 15th total of 274,085 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average trading volume of 82,272 shares, the short-interest ratio is currently 2.5 days. Based on an average trading volume of 82,272 shares, the short-interest ratio is currently 2.5 days. Currently, 5.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGDJ. AdvisorNet Financial Inc grew its position in Sprott Junior Gold Miners ETF by 82.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 365 shares of the company’s stock worth $26,000 after purchasing an additional 165 shares during the period. Farther Finance Advisors LLC acquired a new stake in Sprott Junior Gold Miners ETF during the third quarter worth about $26,000. Financial Consulate Inc. purchased a new position in Sprott Junior Gold Miners ETF during the third quarter valued at approximately $28,000. Optimum Investment Advisors acquired a new position in Sprott Junior Gold Miners ETF in the third quarter valued at approximately $32,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Sprott Junior Gold Miners ETF in the 2nd quarter worth approximately $36,000.

Sprott Junior Gold Miners ETF Price Performance

Sprott Junior Gold Miners ETF stock traded up $0.92 during trading hours on Friday, hitting $94.13. 178,962 shares of the stock traded hands, compared to its average volume of 70,433. The firm’s 50 day moving average price is $83.92 and its 200-day moving average price is $69.58. The stock has a market capitalization of $394.40 million, a price-to-earnings ratio of 16.26 and a beta of 0.90. Sprott Junior Gold Miners ETF has a 1 year low of $35.35 and a 1 year high of $94.57.

Sprott Junior Gold Miners ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a dividend of $7.044 per share. This represents a yield of 575.0%. The ex-dividend date was Thursday, December 18th.

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.