Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 16,342 shares, an increase of 112.6% from the June 30th total of 7,686 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,683 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Sprott Gold Miners ETF
Several large investors have recently made changes to their positions in the business. Asset One Wealth Management LLC bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter valued at about $17,836,000. D.A. Davidson & CO. grew its holdings in Sprott Gold Miners ETF by 90.6% during the 4th quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock worth $3,533,000 after acquiring an additional 24,122 shares during the last quarter. Bayshore Capital Advisors LLC acquired a new stake in Sprott Gold Miners ETF in the 4th quarter valued at about $696,000. Kestra Advisory Services LLC increased its position in Sprott Gold Miners ETF by 112.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,021 shares of the company’s stock valued at $1,738,000 after acquiring an additional 12,200 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of Sprott Gold Miners ETF in the first quarter worth about $657,000.
Sprott Gold Miners ETF Price Performance
Shares of SGDM traded down $0.02 on Wednesday, hitting $61.28. The company’s stock had a trading volume of 24,365 shares, compared to its average volume of 69,746. The company has a market capitalization of $542.33 million, a PE ratio of -993.55 and a beta of 0.53. Sprott Gold Miners ETF has a fifty-two week low of $44.12 and a fifty-two week high of $96.50. The company has a 50 day moving average price of $65.76 and a 200 day moving average price of $74.89.
About Sprott Gold Miners ETF
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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