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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,954 shares, a decline of 45.0% from the April 15th total of 5,371 shares. Based on an average daily trading volume, of 84,253 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM traded down $5.65 during midday trading on Friday, reaching $72.50. The company’s stock had a trading volume of 128,954 shares, compared to its average volume of 84,581. Sprott Gold Miners ETF has a 12-month low of $38.27 and a 12-month high of $96.50. The firm has a 50 day moving average price of $77.16 and a 200-day moving average price of $74.78. The stock has a market capitalization of $663.38 million, a P/E ratio of -1,175.46 and a beta of 0.49.

Hedge Funds Weigh In On Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SGDM. Asset One Wealth Management LLC purchased a new position in Sprott Gold Miners ETF in the fourth quarter valued at approximately $17,836,000. Royal Bank of Canada lifted its stake in Sprott Gold Miners ETF by 91.5% in the fourth quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock valued at $5,967,000 after purchasing an additional 40,947 shares during the last quarter. Stifel Financial Corp lifted its stake in Sprott Gold Miners ETF by 266.3% in the fourth quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock valued at $3,733,000 after purchasing an additional 38,973 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Sprott Gold Miners ETF in the fourth quarter valued at approximately $2,372,000. Finally, D.A. Davidson & CO. lifted its stake in Sprott Gold Miners ETF by 90.6% in the fourth quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock valued at $3,533,000 after purchasing an additional 24,122 shares during the last quarter.

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.