Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Grows By 120.3%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 49,358 shares, an increase of 120.3% from the March 15th total of 22,403 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 89,548 shares, the days-to-cover ratio is currently 0.6 days.

Sprott Junior Gold Miners ETF Price Performance

SGDJ traded up $2.20 during midday trading on Tuesday, hitting $95.93. 5,908 shares of the company’s stock traded hands, compared to its average volume of 100,066. The company has a market cap of $366.45 million, a PE ratio of 16.26 and a beta of 1.03. The stock’s fifty day simple moving average is $95.93 and its 200-day simple moving average is $87.36. Sprott Junior Gold Miners ETF has a one year low of $42.80 and a one year high of $115.78.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGDJ. Caitlin John LLC bought a new stake in shares of Sprott Junior Gold Miners ETF in the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC bought a new stake in shares of Sprott Junior Gold Miners ETF in the third quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its position in shares of Sprott Junior Gold Miners ETF by 82.5% in the third quarter. AdvisorNet Financial Inc now owns 365 shares of the company’s stock valued at $26,000 after acquiring an additional 165 shares during the period. Financial Consulate Inc. bought a new stake in shares of Sprott Junior Gold Miners ETF in the third quarter valued at approximately $28,000. Finally, Simplex Trading LLC bought a new stake in shares of Sprott Junior Gold Miners ETF in the fourth quarter valued at approximately $34,000.

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.