Sprott Gold Miners ETF (NYSEARCA:SGDM) Sees Large Growth in Short Interest

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 70,458 shares, a growth of 169.2% from the November 30th total of 26,173 shares. Based on an average trading volume of 52,502 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 52,502 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Sprott Gold Miners ETF

Large investors have recently modified their holdings of the company. PFG Investments LLC raised its stake in shares of Sprott Gold Miners ETF by 1.3% during the second quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock valued at $879,000 after purchasing an additional 255 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Sprott Gold Miners ETF by 467.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Sprott Gold Miners ETF by 7.7% during the third quarter. Private Advisor Group LLC now owns 6,157 shares of the company’s stock worth $382,000 after buying an additional 441 shares in the last quarter. Kiker Wealth Management LLC grew its position in Sprott Gold Miners ETF by 391.5% in the second quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock worth $26,000 after buying an additional 462 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its position in Sprott Gold Miners ETF by 47.2% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,292 shares of the company’s stock worth $104,000 after buying an additional 735 shares during the last quarter.

Sprott Gold Miners ETF Stock Up 1.6%

Shares of SGDM traded up $1.20 during trading on Friday, reaching $74.47. The company’s stock had a trading volume of 35,371 shares, compared to its average volume of 62,393. The company has a market cap of $711.19 million, a price-to-earnings ratio of -1,207.40 and a beta of 0.44. The company has a fifty day moving average of $64.28 and a two-hundred day moving average of $55.94. Sprott Gold Miners ETF has a twelve month low of $26.60 and a twelve month high of $74.47.

Sprott Gold Miners ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were given a dividend of $0.727 per share. This represents a dividend yield of 75.0%. The ex-dividend date of this dividend was Thursday, December 18th. Sprott Gold Miners ETF’s dividend payout ratio is currently -470.18%.

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.