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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 31,883 shares, a drop of 52.8% from the August 15th total of 67,482 shares. Based on an average daily volume of 50,560 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Asset One Wealth Management LLC acquired a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at $17,836,000. Royal Bank of Canada lifted its position in Sprott Gold Miners ETF by 91.5% during 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 in the last quarter. Stifel Financial Corp grew its holdings in Sprott Gold Miners ETF by 266.3% during the 4th quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock worth $3,733,000 after acquiring an additional 38,973 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Sprott Gold Miners ETF during the 4th quarter worth about $2,372,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Sprott Gold Miners ETF in the third quarter worth about $1,341,000.

Sprott Gold Miners ETF Price Performance

NYSEARCA:SGDM opened at $80.82 on Monday. Sprott Gold Miners ETF has a 12 month low of $55.27 and a 12 month high of $96.50. The company’s 50-day moving average price is $72.02 and its two-hundred day moving average price is $73.80. The firm has a market cap of $715.26 million, a PE ratio of -1,310.35 and a beta of 0.59.

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.