Short Interest in Sprott Gold Miners ETF (NYSEARCA:SGDM) Decreases By 45.0%

Sprott Gold Miners ETF (NYSEARCA:SGDMGet Free Report) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,954 shares, a decrease of 45.0% from the April 15th total of 5,371 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 84,253 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Several large investors have recently bought and sold shares of SGDM. GSA Capital Partners LLP bought a new position in shares of Sprott Gold Miners ETF during the 3rd quarter valued at about $231,000. HC Advisors LLC grew its position in Sprott Gold Miners ETF by 1.7% in the third quarter. HC Advisors LLC now owns 48,117 shares of the company’s stock worth $2,983,000 after buying an additional 811 shares during the last quarter. Dempze Nancy E acquired a new position in Sprott Gold Miners ETF in the third quarter worth approximately $202,000. Clifford Swan Investment Counsel LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at $684,000. Finally, Sprott Inc. lifted its position in shares of Sprott Gold Miners ETF by 68.2% during the 3rd quarter. Sprott Inc. now owns 39,420 shares of the company’s stock valued at $2,444,000 after acquiring an additional 15,990 shares during the last quarter.

Sprott Gold Miners ETF Price Performance

SGDM traded down $0.29 during trading on Monday, hitting $72.21. The company had a trading volume of 29,623 shares, compared to its average volume of 83,996. The company has a market cap of $660.72 million, a PE ratio of -1,170.76 and a beta of 0.49. The business has a 50-day moving average of $76.93 and a 200-day moving average of $75.01. Sprott Gold Miners ETF has a 1-year low of $39.39 and a 1-year high of $96.50.

Sprott Gold Miners ETF Company Profile

(Get Free Report)

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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