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

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 34,004 shares, a drop of 53.0% from the June 30th total of 72,411 shares. Based on an average trading volume of 45,659 shares, the short-interest ratio is currently 0.7 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Trading of Sprott Junior Gold Miners ETF

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of Sprott Junior Gold Miners ETF by 76.1% during the 4th quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock worth $13,461,000 after buying an additional 69,159 shares during the period. Royal Bank of Canada raised its holdings in Sprott Junior Gold Miners ETF by 1,397.5% in the 1st quarter. Royal Bank of Canada now owns 58,012 shares of the company’s stock valued at $2,466,000 after acquiring an additional 54,138 shares during the period. D.A. Davidson & CO. raised its holdings in Sprott Junior Gold Miners ETF by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock valued at $2,733,000 after acquiring an additional 671 shares during the period. Raymond James Financial Inc. lifted its position in Sprott Junior Gold Miners ETF by 29.2% during the third quarter. Raymond James Financial Inc. now owns 26,685 shares of the company’s stock worth $1,916,000 after acquiring an additional 6,028 shares during the last quarter. Finally, Stansberry Asset Management LLC lifted its position in Sprott Junior Gold Miners ETF by 24.7% during the fourth quarter. Stansberry Asset Management LLC now owns 23,555 shares of the company’s stock worth $1,982,000 after acquiring an additional 4,670 shares during the last quarter.

Sprott Junior Gold Miners ETF Trading Down 2.2%

Shares of Sprott Junior Gold Miners ETF stock traded down $1.65 during trading on Wednesday, hitting $73.31. 41,242 shares of the stock were exchanged, compared to its average volume of 82,623. The company has a fifty day moving average price of $79.71 and a 200-day moving average price of $90.11. The stock has a market capitalization of $267.58 million, a price-to-earnings ratio of 16.26 and a beta of 0.99. Sprott Junior Gold Miners ETF has a 1-year low of $47.39 and a 1-year high of $115.78.

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.