Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Up 71.8% in February

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 23,352 shares, a growth of 71.8% from the February 12th total of 13,589 shares. Based on an average trading volume of 62,962 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 62,962 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several large investors have recently modified their holdings of the stock. UBS Group AG lifted its position in Sprott Gold Miners ETF by 0.3% during the 4th quarter. UBS Group AG now owns 340,207 shares of the company’s stock valued at $23,689,000 after purchasing an additional 974 shares during the period. Cetera Investment Advisers increased its holdings in shares of Sprott Gold Miners ETF by 10.7% in the second quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock worth $10,872,000 after acquiring an additional 23,150 shares in the last quarter. Asset One Wealth Management LLC bought a new position in Sprott Gold Miners ETF in the fourth quarter valued at approximately $17,836,000. Captrust Financial Advisors lifted its position in Sprott Gold Miners ETF by 3.6% in the 4th quarter. Captrust Financial Advisors now owns 194,872 shares of the company’s stock valued at $13,569,000 after acquiring an additional 6,757 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Sprott Gold Miners ETF by 8.1% during the fourth quarter. Wells Fargo & Company MN now owns 90,204 shares of the company’s stock worth $6,281,000 after buying an additional 6,794 shares during the period.

Sprott Gold Miners ETF Stock Down 4.5%

Shares of NYSEARCA SGDM traded down $3.71 during mid-day trading on Friday, hitting $78.63. 50,006 shares of the company traded hands, compared to its average volume of 86,408. Sprott Gold Miners ETF has a 1 year low of $33.34 and a 1 year high of $96.50. The business has a 50 day moving average of $82.82 and a two-hundred day moving average of $69.46. The stock has a market capitalization of $753.28 million, a price-to-earnings ratio of -1,274.85 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a $0.727 dividend. This represents a dividend yield of 75.0%. The ex-dividend date was Thursday, December 18th. Sprott Gold Miners ETF’s payout ratio is presently -470.18%.

Sprott Gold Miners ETF Company Profile

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.