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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of 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. Based on an average daily volume of 32,683 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Sprott Gold Miners ETF Stock Performance

Shares of NYSEARCA SGDM traded up $2.34 during trading on Thursday, hitting $63.62. 27,849 shares of the company traded hands, compared to its average volume of 69,455. The business’s fifty day moving average is $65.57 and its 200 day moving average is $74.81. Sprott Gold Miners ETF has a fifty-two week low of $44.12 and a fifty-two week high of $96.50. The firm has a market capitalization of $563.04 million, a price-to-earnings ratio of -1,031.49 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in Sprott Gold Miners ETF by 36.6% in the fourth quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after acquiring an additional 185 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Sprott Gold Miners ETF during the third quarter valued at approximately $52,000. Centaurus Financial Inc. acquired a new position in shares of Sprott Gold Miners ETF during the first quarter worth approximately $103,000. Empowered Funds LLC acquired a new position in shares of Sprott Gold Miners ETF during the fourth quarter worth approximately $122,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in shares of Sprott Gold Miners ETF in the 4th quarter worth $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.