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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 31,883 shares, a drop of 52.8% from the August 15th total of 67,482 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 50,560 shares, the short-interest ratio is presently 0.6 days.

Sprott Gold Miners ETF Stock Performance

NYSEARCA SGDM opened at $80.82 on Monday. The stock has a market capitalization of $715.26 million, a P/E ratio of -1,310.35 and a beta of 0.59. Sprott Gold Miners ETF has a 52 week low of $55.27 and a 52 week high of $96.50. The stock has a fifty day moving average of $72.02 and a 200-day moving average of $73.80.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Sprott Gold Miners ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 339,233 shares of the company’s stock worth $21,032,000 after buying an additional 13,743 shares during the period. Asset One Wealth Management LLC acquired a new position in Sprott Gold Miners ETF in the fourth quarter valued at approximately $17,836,000. Captrust Financial Advisors boosted its stake in Sprott Gold Miners ETF by 3.6% in the fourth 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 during the last quarter. Wells Fargo & Company MN boosted its stake in Sprott Gold Miners ETF by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 90,204 shares of the company’s stock valued at $6,281,000 after acquiring an additional 6,794 shares during the last quarter. Finally, Royal Bank of Canada boosted 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 acquiring an additional 40,947 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.