Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Significant Growth in Short Interest

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 57,840 shares, a growth of 65.8% from the August 31st total of 34,886 shares. Based on an average daily volume of 45,124 shares, the short-interest ratio is currently 1.3 days. Approximately 1.5% of the shares of the stock are short sold.

Institutional Trading of Sprott Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SGDJ. D.A. Davidson & CO. lifted its holdings in Sprott Junior Gold Miners ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock worth $2,733,000 after buying an additional 671 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Sprott Junior Gold Miners ETF by 34.2% during the first quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock valued at $1,067,000 after acquiring an additional 3,159 shares during the period. Private Advisor Group LLC increased its position in Sprott Junior Gold Miners ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock worth $712,000 after purchasing an additional 285 shares during the period. NewEdge Advisors LLC raised its holdings in Sprott Junior Gold Miners ETF by 57.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock worth $312,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in Sprott Junior Gold Miners ETF during the 2nd quarter valued at about $265,000.

Sprott Junior Gold Miners ETF Price Performance

Shares of SGDJ stock traded down $1.08 during trading hours on Thursday, hitting $87.35. 60,686 shares of the company’s stock were exchanged, compared to its average volume of 73,374. Sprott Junior Gold Miners ETF has a 52 week low of $67.60 and a 52 week high of $115.78. The stock has a market cap of $330.18 million, a price-to-earnings ratio of 16.26 and a beta of 1.03. The stock’s 50-day moving average is $91.89 and its 200-day moving average is $87.57.

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.