Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Shares Shorted: Short Interest Up 77.8% in October

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 20,455 shares, a growth of 77.8% from the September 30th total of 11,507 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 26,588 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Sprott Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SGDJ. Asset One Wealth Management LLC raised its holdings in Sprott Junior Gold Miners ETF by 11.9% during the third quarter. Asset One Wealth Management LLC now owns 11,627 shares of the company’s stock worth $1,028,000 after purchasing an additional 1,232 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Sprott Junior Gold Miners ETF in the third quarter worth approximately $327,000. Kestra Private Wealth Services LLC bought a new position in Sprott Junior Gold Miners ETF during the 3rd quarter valued at $438,000. Compass Financial Management LLC boosted its stake in Sprott Junior Gold Miners ETF by 6.1% during the 3rd quarter. Compass Financial Management LLC now owns 3,726 shares of the company’s stock valued at $329,000 after purchasing an additional 213 shares in the last quarter. Finally, Convergence Financial LLC acquired a new position in shares of Sprott Junior Gold Miners ETF during the 3rd quarter valued at $954,000.

Sprott Junior Gold Miners ETF Stock Down 1.2%

Sprott Junior Gold Miners ETF stock traded down $0.92 during mid-day trading on Tuesday, hitting $73.22. The company had a trading volume of 13,549 shares, compared to its average volume of 70,321. Sprott Junior Gold Miners ETF has a 1 year low of $67.68 and a 1 year high of $115.78. The business has a fifty day moving average of $90.01 and a 200 day moving average of $89.90. The stock has a market cap of $302.39 million, a price-to-earnings ratio of 16.26 and a beta of 1.03.

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.