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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 67,482 shares, an increase of 712.5% from the July 30th total of 8,305 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 46,032 shares, the short-interest ratio is presently 1.5 days.

Sprott Gold Miners ETF Trading Up 2.4%

Shares of NYSEARCA SGDM opened at $88.25 on Wednesday. Sprott Gold Miners ETF has a twelve month low of $51.00 and a twelve month high of $96.50. The stock has a 50 day moving average of $67.49 and a two-hundred day moving average of $73.87. The stock has a market cap of $781.01 million, a P/E ratio of -1,430.82 and a beta of 0.53.

Institutional Trading of Sprott Gold Miners ETF

Several 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 during the fourth quarter worth about $17,836,000. Bayshore Capital Advisors LLC acquired a new position in Sprott Gold Miners ETF in the 4th quarter valued at about $696,000. D.A. Davidson & CO. increased its position in Sprott Gold Miners ETF by 90.6% in the 4th quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock valued at $3,533,000 after acquiring an additional 24,122 shares during the period. Kestra Advisory Services LLC raised its stake in Sprott Gold Miners ETF by 112.7% during the 1st quarter. Kestra Advisory Services LLC now owns 23,021 shares of the company’s stock valued at $1,738,000 after acquiring an additional 12,200 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Sprott Gold Miners ETF during the 1st quarter valued at approximately $657,000.

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.