Short Interest in Sprott Gold Miners ETF (NYSEARCA:SGDM) Declines By 86.3%

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 13,589 shares, a decline of 86.3% from the January 29th total of 98,836 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 90,878 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 90,878 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Sprott Gold Miners ETF Price Performance

NYSEARCA:SGDM traded up $1.74 during mid-day trading on Thursday, reaching $93.39. The stock had a trading volume of 51,581 shares, compared to its average volume of 92,944. The stock has a market cap of $894.68 million, a P/E ratio of -1,514.15 and a beta of 0.44. The business’s 50 day moving average is $79.28 and its 200 day moving average is $66.66. Sprott Gold Miners ETF has a fifty-two week low of $31.80 and a fifty-two week high of $93.50.

Sprott Gold Miners ETF Announces Dividend

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

Institutional Investors Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in Sprott Gold Miners ETF by 467.4% during the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after buying an additional 416 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter worth about $52,000. Empowered Funds LLC acquired a new position in shares of Sprott Gold Miners ETF during the 4th quarter valued at about $122,000. Premier Financial Group bought a new position in shares of Sprott Gold Miners ETF in the 3rd quarter valued at approximately $123,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in Sprott Gold Miners ETF in the 4th quarter worth 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.