Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Down 49.2% in July

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 8,305 shares, a decrease of 49.2% from the July 15th total of 16,342 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 28,065 shares, the short-interest ratio is currently 0.3 days.

Sprott Gold Miners ETF Trading Up 1.9%

Sprott Gold Miners ETF stock traded up $1.42 during mid-day trading on Friday, hitting $75.24. 27,993 shares of the company’s stock were exchanged, compared to its average volume of 67,795. Sprott Gold Miners ETF has a 1-year low of $48.05 and a 1-year high of $96.50. The stock has a 50 day moving average of $65.27 and a two-hundred day moving average of $73.90. The stock has a market cap of $665.87 million, a P/E ratio of -1,219.88 and a beta of 0.53.

Institutional Trading of Sprott Gold Miners ETF

Several large investors have recently made changes to their positions in SGDM. Asset One Wealth Management LLC acquired a new position in shares of Sprott Gold Miners ETF during the 4th quarter valued at about $17,836,000. Royal Bank of Canada lifted its holdings in Sprott Gold Miners ETF by 91.5% in the 4th quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock worth $5,967,000 after purchasing an additional 40,947 shares during the last quarter. Stifel Financial Corp lifted its holdings in Sprott Gold Miners ETF by 266.3% in the 4th quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock worth $3,733,000 after purchasing an additional 38,973 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Sprott Gold Miners ETF during the fourth quarter worth approximately $2,372,000. Finally, D.A. Davidson & CO. boosted its position in Sprott Gold Miners ETF by 90.6% during the fourth quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock worth $3,533,000 after purchasing an additional 24,122 shares during the period.

About Sprott Gold Miners ETF

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.