Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Short Interest Down 53.0% in July

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 34,004 shares, a drop of 53.0% from the June 30th total of 72,411 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 45,659 shares, the short-interest ratio is currently 0.7 days.

Sprott Junior Gold Miners ETF Stock Performance

Sprott Junior Gold Miners ETF stock traded up $2.24 during mid-day trading on Thursday, reaching $75.55. The company’s stock had a trading volume of 35,692 shares, compared to its average volume of 82,296. Sprott Junior Gold Miners ETF has a 12-month low of $47.39 and a 12-month high of $115.78. The company has a market capitalization of $275.76 million, a P/E ratio of 16.26 and a beta of 0.99. The firm’s fifty day moving average price is $79.44 and its two-hundred day moving average price is $90.00.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

A number of large investors have recently made changes to their positions in the stock. Caitlin John LLC purchased a new position in shares of Sprott Junior Gold Miners ETF in the fourth quarter valued at $30,000. Simplex Trading LLC purchased a new stake in Sprott Junior Gold Miners ETF during the 4th quarter worth about $34,000. Farther Finance Advisors LLC boosted its stake in Sprott Junior Gold Miners ETF by 42.0% in the 4th quarter. Farther Finance Advisors LLC now owns 514 shares of the company’s stock worth $43,000 after purchasing an additional 152 shares during the period. Sunbelt Securities Inc. boosted its stake in Sprott Junior Gold Miners ETF by 8.2% in the 4th quarter. Sunbelt Securities Inc. now owns 1,667 shares of the company’s stock worth $140,000 after purchasing an additional 127 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Sprott Junior Gold Miners ETF in the 4th quarter worth about $143,000.

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.