Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Significant Decline in Short Interest

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 18,302 shares, a decline of 91.3% from the December 31st total of 209,532 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 59,641 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 59,641 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Sprott Junior Gold Miners ETF Price Performance

NYSEARCA:SGDJ traded up $1.99 during trading hours on Wednesday, reaching $111.24. The company’s stock had a trading volume of 131,344 shares, compared to its average volume of 100,008. Sprott Junior Gold Miners ETF has a one year low of $36.13 and a one year high of $111.56. The business’s 50-day moving average is $88.50 and its 200-day moving average is $72.44. The company has a market cap of $458.31 million, a price-to-earnings ratio of 16.26 and a beta of 0.90.

Sprott Junior Gold Miners ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were given a $7.044 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 575.0%.

Institutional Investors Weigh In On Sprott Junior Gold Miners ETF

Several hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Sprott Junior Gold Miners ETF by 42.0% in the fourth quarter. Farther Finance Advisors LLC now owns 514 shares of the company’s stock valued at $43,000 after buying an additional 152 shares during the period. AdvisorNet Financial Inc lifted its holdings in Sprott Junior Gold Miners ETF by 82.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 165 shares during the last quarter. Willis Johnson & Associates Inc. boosted its holdings in shares of Sprott Junior Gold Miners ETF by 6.2% in the 4th quarter. Willis Johnson & Associates Inc. now owns 3,235 shares of the company’s stock worth $272,000 after acquiring an additional 190 shares in the last quarter. Financial Consulate Inc. acquired a new position in Sprott Junior Gold Miners ETF in the third quarter worth $28,000. Finally, Optimum Investment Advisors bought a new stake in Sprott Junior Gold Miners ETF during the 3rd quarter worth about $32,000.

Sprott Junior Gold Miners ETF Company Profile

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.