Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Up 112.6% in July

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 16,342 shares, a growth of 112.6% from the June 30th total of 7,686 shares. Based on an average trading volume of 32,683 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after purchasing an additional 185 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Sprott Gold Miners ETF in the third quarter valued at about $52,000. Centaurus Financial Inc. purchased a new stake in shares of Sprott Gold Miners ETF during the 1st quarter worth approximately $103,000. Empowered Funds LLC purchased a new stake in Sprott Gold Miners ETF during the fourth quarter worth $122,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in Sprott Gold Miners ETF in the 4th quarter valued at about $129,000.

Sprott Gold Miners ETF Trading Down 1.9%

NYSEARCA:SGDM traded down $1.17 during trading hours on Tuesday, hitting $61.30. The company’s stock had a trading volume of 21,654 shares, compared to its average volume of 70,066. Sprott Gold Miners ETF has a 52-week low of $44.12 and a 52-week high of $96.50. The stock has a market capitalization of $542.50 million, a P/E ratio of -993.87 and a beta of 0.53. The stock has a fifty day moving average of $65.93 and a 200-day moving average of $74.98.

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.