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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 9,825 shares, a growth of 232.6% from the April 30th total of 2,954 shares. Based on an average trading volume of 56,858 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Sprott Gold Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clifford Swan Investment Counsel LLC purchased a new stake in shares of Sprott Gold Miners ETF in the third quarter valued at $684,000. Sprott Inc. lifted its holdings in shares of Sprott Gold Miners ETF by 68.2% in the third quarter. Sprott Inc. now owns 39,420 shares of the company’s stock valued at $2,444,000 after purchasing an additional 15,990 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Sprott Gold Miners ETF by 90.6% in the fourth quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock valued at $3,533,000 after purchasing an additional 24,122 shares in the last quarter. Bayshore Capital Advisors LLC purchased a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at $696,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Sprott Gold Miners ETF in the third quarter valued at $231,000.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA:SGDM traded up $2.12 on Friday, reaching $73.92. 23,289 shares of the company traded hands, compared to its average volume of 80,277. Sprott Gold Miners ETF has a fifty-two week low of $42.40 and a fifty-two week high of $96.50. The company’s 50 day moving average is $75.16 and its 200-day moving average is $75.75. The stock has a market capitalization of $676.37 million, a PE ratio of -1,198.48 and a beta of 0.49.

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.