Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Expands By 120.3%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 49,358 shares, an increase of 120.3% from the March 15th total of 22,403 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 89,548 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SGDJ. AdvisorNet Financial Inc lifted its holdings in shares of Sprott Junior Gold Miners ETF by 82.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 165 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Sprott Junior Gold Miners ETF during the 3rd quarter worth about $26,000. Financial Consulate Inc. purchased a new position in shares of Sprott Junior Gold Miners ETF during the 3rd quarter worth about $28,000. Caitlin John LLC purchased a new position in shares of Sprott Junior Gold Miners ETF during the 4th quarter worth about $30,000. Finally, Optimum Investment Advisors purchased a new position in shares of Sprott Junior Gold Miners ETF during the 3rd quarter worth about $32,000.

Sprott Junior Gold Miners ETF Price Performance

NYSEARCA:SGDJ traded up $0.09 on Friday, reaching $93.92. The stock had a trading volume of 58,993 shares, compared to its average volume of 102,572. The company has a market cap of $358.77 million, a price-to-earnings ratio of 16.26 and a beta of 1.03. The firm’s fifty day moving average is $95.93 and its two-hundred day moving average is $87.05. Sprott Junior Gold Miners ETF has a 12-month low of $42.80 and a 12-month high of $115.78.

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.