Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Large Growth in Short Interest

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 57,840 shares, an increase of 65.8% from the August 31st total of 34,886 shares. Based on an average daily volume of 45,124 shares, the short-interest ratio is presently 1.3 days. Approximately 1.5% of the company’s shares are sold short.

Sprott Junior Gold Miners ETF Stock Down 1.5%

Shares of SGDJ traded down $1.35 during mid-day trading on Wednesday, reaching $88.68. The company’s stock had a trading volume of 24,843 shares, compared to its average volume of 73,409. The business has a fifty day moving average of $91.67 and a 200 day moving average of $87.64. The company has a market cap of $335.20 million, a price-to-earnings ratio of 16.26 and a beta of 1.05. Sprott Junior Gold Miners ETF has a 1 year low of $67.60 and a 1 year high of $115.78.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

A number of large investors have recently made changes to their positions in SGDJ. Private Advisor Group LLC lifted its position in shares of Sprott Junior Gold Miners ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock worth $712,000 after purchasing an additional 285 shares in the last quarter. D.A. Davidson & CO. grew its position in Sprott Junior Gold Miners ETF by 2.2% during the first quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock valued at $2,733,000 after purchasing an additional 671 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Sprott Junior Gold Miners ETF during the second quarter valued at approximately $86,000. NewEdge Advisors LLC increased its stake in Sprott Junior Gold Miners ETF by 57.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock valued at $312,000 after buying an additional 1,326 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in Sprott Junior Gold Miners ETF by 101.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,466 shares of the company’s stock valued at $258,000 after buying an additional 1,744 shares during the period.

About Sprott Junior Gold Miners ETF

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.