Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Up 112.6% in July

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 16,342 shares, an increase of 112.6% from the June 30th total of 7,686 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 32,683 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC lifted its stake in shares of Sprott Gold Miners ETF by 88.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 15,316 shares of the company’s stock valued at $963,000 after purchasing an additional 7,182 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Sprott Gold Miners ETF during the 1st quarter valued at $103,000. Gateway Wealth Partners LLC purchased a new stake in shares of Sprott Gold Miners ETF during the first quarter worth about $552,000. Waverly Advisors LLC acquired a new position in shares of Sprott Gold Miners ETF in the 1st quarter valued at approximately $274,000. Finally, Barometer Capital Management Inc. acquired a new position in Sprott Gold Miners ETF in the first quarter worth about $657,000.

Sprott Gold Miners ETF Trading Down 1.9%

Shares of Sprott Gold Miners ETF stock traded down $1.17 during trading hours on Tuesday, reaching $61.30. 21,654 shares of the company’s stock were exchanged, compared to its average volume of 70,066. The firm has a market capitalization of $542.50 million, a price-to-earnings ratio of -993.87 and a beta of 0.53. The company has a fifty day moving average of $65.93 and a 200-day moving average of $74.98. Sprott Gold Miners ETF has a 52-week low of $44.12 and a 52-week high of $96.50.

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.