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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,954 shares, a decline of 45.0% from the April 15th total of 5,371 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 84,253 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SGDM. Asset One Wealth Management LLC purchased a new position in shares of Sprott Gold Miners ETF in the 4th quarter worth approximately $17,836,000. Royal Bank of Canada boosted its stake in shares of Sprott Gold Miners ETF by 91.5% in the 4th quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock worth $5,967,000 after buying an additional 40,947 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Sprott Gold Miners ETF by 266.3% in the 4th quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock worth $3,733,000 after buying an additional 38,973 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Sprott Gold Miners ETF in the 4th quarter worth approximately $2,372,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Sprott Gold Miners ETF by 90.6% in the 4th quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock worth $3,533,000 after buying an additional 24,122 shares during the last quarter.

Sprott Gold Miners ETF Stock Down 7.2%

SGDM stock traded down $5.65 during mid-day trading on Friday, reaching $72.50. 128,954 shares of the company traded hands, compared to its average volume of 84,581. The stock has a market cap of $663.38 million, a price-to-earnings ratio of -1,175.46 and a beta of 0.49. Sprott Gold Miners ETF has a fifty-two week low of $38.27 and a fifty-two week high of $96.50. The firm’s 50 day moving average price is $77.16 and its 200 day moving average price is $74.78.

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.