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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 11,747 shares, a drop of 49.7% from the February 26th total of 23,352 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 68,464 shares, the days-to-cover ratio is presently 0.2 days.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM traded down $2.88 during trading hours on Thursday, hitting $68.27. 70,265 shares of the company’s stock were exchanged, compared to its average volume of 92,070. Sprott Gold Miners ETF has a 1-year low of $33.34 and a 1-year high of $96.50. The stock has a market capitalization of $654.03 million, a price-to-earnings ratio of -1,106.88 and a beta of 0.44. The company’s 50-day moving average price is $82.24 and its 200-day moving average price is $70.77.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in shares of Sprott Gold Miners ETF by 32.4% during the 2nd quarter. Osaic Holdings Inc. now owns 46,182 shares of the company’s stock worth $2,090,000 after purchasing an additional 11,314 shares during the period. New Harbor Financial Group LLC lifted its stake in shares of Sprott Gold Miners ETF by 55.8% in the second quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock valued at $2,906,000 after buying an additional 23,002 shares during the period. Clifford Swan Investment Counsel LLC acquired a new stake in Sprott Gold Miners ETF during the third quarter worth about $684,000. D.A. Davidson & CO. bought a new position in Sprott Gold Miners ETF during the third quarter valued at about $1,650,000. Finally, Centurion Wealth Management LLC acquired a new position in Sprott Gold Miners ETF in the 3rd quarter valued at approximately $538,000.

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.