Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Down 33.8% in December

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 46,628 shares, a decrease of 33.8% from the December 15th total of 70,458 shares. Based on an average trading volume of 47,749 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 47,749 shares, the short-interest ratio is currently 1.0 days.

Sprott Gold Miners ETF Stock Performance

Shares of SGDM traded up $0.11 during trading hours on Friday, hitting $78.41. The company had a trading volume of 88,480 shares, compared to its average volume of 67,261. The firm has a fifty day moving average price of $69.01 and a 200-day moving average price of $59.31. The stock has a market capitalization of $745.68 million, a price-to-earnings ratio of -1,271.28 and a beta of 0.44. Sprott Gold Miners ETF has a 52-week low of $28.97 and a 52-week high of $80.10.

Sprott Gold Miners ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a $0.727 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 75.0%. Sprott Gold Miners ETF’s payout ratio is -470.18%.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kiker Wealth Management LLC boosted its stake in Sprott Gold Miners ETF by 391.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Sprott Gold Miners ETF by 467.4% during the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after buying an additional 416 shares during the last quarter. Advisory Services Network LLC bought a new stake in Sprott Gold Miners ETF in the 3rd quarter worth about $52,000. Hilltop National Bank purchased a new position in Sprott Gold Miners ETF in the 2nd quarter worth about $57,000. Finally, Blue Trust Inc. raised its position in Sprott Gold Miners ETF by 381.3% in the 2nd quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after buying an additional 1,144 shares during the last quarter.

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.