Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Update

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large 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 shares of the stock are short sold. Based on an average daily volume of 56,858 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Sprott Gold Miners ETF by 36.6% during the 4th 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 Sprott Gold Miners ETF during the 3rd quarter valued at $52,000. Centaurus Financial Inc. acquired a new stake in shares of Sprott Gold Miners ETF during the 1st quarter valued at $103,000. Empowered Funds LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at $122,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at $129,000.

Sprott Gold Miners ETF Stock Up 3.0%

NYSEARCA SGDM traded up $2.12 on Friday, reaching $73.92. 23,289 shares of the stock traded hands, compared to its average volume of 80,277. The firm’s fifty day simple moving average is $75.16 and its 200 day simple moving average is $75.75. The company has a market cap of $676.37 million, a price-to-earnings ratio of -1,198.48 and a beta of 0.49. Sprott Gold Miners ETF has a 12 month low of $42.40 and a 12 month high of $96.50.

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.