Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 48,900 shares, a growth of 321.6% from the May 15th total of 11,600 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 79,500 shares, the short-interest ratio is presently 0.6 days.
Institutional Trading of Sprott Gold Miners ETF
Institutional investors have recently bought and sold shares of the business. FWL Investment Management LLC acquired a new stake in Sprott Gold Miners ETF during the 4th quarter worth $28,000. Montis Financial LLC acquired a new position in shares of Sprott Gold Miners ETF in the 1st quarter valued at $228,000. Private Advisor Group LLC acquired a new position in shares of Sprott Gold Miners ETF in the 1st quarter valued at $231,000. Beirne Wealth Consulting Services LLC acquired a new position in shares of Sprott Gold Miners ETF in the 1st quarter valued at $266,000. Finally, Capital Wealth Alliance LLC grew its holdings in shares of Sprott Gold Miners ETF by 6.5% in the 1st quarter. Capital Wealth Alliance LLC now owns 8,228 shares of the company’s stock valued at $312,000 after buying an additional 500 shares during the period.
Sprott Gold Miners ETF Stock Performance
SGDM opened at $46.72 on Friday. The company has a fifty day moving average price of $41.73 and a two-hundred day moving average price of $35.32. Sprott Gold Miners ETF has a 52 week low of $25.78 and a 52 week high of $47.04. The firm has a market capitalization of $420.01 million, a PE ratio of 20.35 and a beta of 0.46.
About Sprott Gold Miners ETF
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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