Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,825 shares, an increase of 232.6% from the April 30th total of 2,954 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 56,858 shares, the short-interest ratio is currently 0.2 days.
Sprott Gold Miners ETF Stock Up 3.6%
NYSEARCA:SGDM traded up $2.60 on Friday, hitting $74.40. The stock had a trading volume of 29,127 shares, compared to its average volume of 80,359. The business’s fifty day moving average is $75.18 and its 200 day moving average is $75.74. The company has a market cap of $680.76 million, a PE ratio of -1,206.26 and a beta of 0.49. Sprott Gold Miners ETF has a 52 week low of $42.40 and a 52 week high of $96.50.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Sprott Gold Miners ETF by 36.6% in the fourth quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after purchasing an additional 185 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Sprott Gold Miners ETF in the third quarter valued at approximately $52,000. Centaurus Financial Inc. bought a new position in shares of Sprott Gold Miners ETF in the first quarter valued at approximately $103,000. Empowered Funds LLC bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter valued at approximately $122,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter valued at approximately $129,000.
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.
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