Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Increases By 233.3%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 69,333 shares, a growth of 233.3% from the May 31st total of 20,804 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 70,437 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Sprott Junior Gold Miners ETF by 76.1% in the fourth quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock valued at $13,461,000 after purchasing an additional 69,159 shares in the last quarter. Royal Bank of Canada raised its holdings in Sprott Junior Gold Miners ETF by 1,397.5% in the 1st quarter. Royal Bank of Canada now owns 58,012 shares of the company’s stock valued at $2,466,000 after buying an additional 54,138 shares during the period. D.A. Davidson & CO. lifted its position in Sprott Junior Gold Miners ETF by 160.8% in the fourth quarter. D.A. Davidson & CO. now owns 31,082 shares of the company’s stock valued at $2,615,000 after buying an additional 19,165 shares during the last quarter. Brookstone Capital Management acquired a new position in Sprott Junior Gold Miners ETF in the fourth quarter valued at about $1,319,000. Finally, MH & Associates Securities Management Corp ADV purchased a new position in shares of Sprott Junior Gold Miners ETF during the 4th quarter worth approximately $1,262,000.

Sprott Junior Gold Miners ETF Stock Down 2.4%

Shares of NYSEARCA:SGDJ traded down $1.83 during midday trading on Monday, reaching $75.90. The company’s stock had a trading volume of 46,859 shares, compared to its average volume of 88,720. The stock has a fifty day moving average of $87.50 and a 200 day moving average of $91.81. Sprott Junior Gold Miners ETF has a twelve month low of $47.39 and a twelve month high of $115.78. The firm has a market capitalization of $283.11 million, a PE ratio of 16.26 and a beta of 0.95.

Sprott Junior Gold Miners ETF Company Profile

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.