Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Significant Drop in Short Interest

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SGDJ. Caitlin John LLC acquired a new stake in Sprott Junior Gold Miners ETF during the 4th quarter worth $30,000. Simplex Trading LLC bought a new stake in Sprott Junior Gold Miners ETF during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in Sprott Junior Gold Miners ETF by 42.0% during the 4th quarter. Farther Finance Advisors LLC now owns 514 shares of the company’s stock worth $43,000 after buying an additional 152 shares during the period. Sunbelt Securities Inc. raised its holdings in Sprott Junior Gold Miners ETF by 8.2% during the 4th quarter. Sunbelt Securities Inc. now owns 1,667 shares of the company’s stock worth $140,000 after buying an additional 127 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Sprott Junior Gold Miners ETF in the fourth quarter valued at approximately $143,000.

Sprott Junior Gold Miners ETF Stock Down 2.1%

NYSEARCA SGDJ traded down $1.58 on Tuesday, reaching $74.96. The company had a trading volume of 33,707 shares, compared to its average volume of 82,914. Sprott Junior Gold Miners ETF has a 52 week low of $47.39 and a 52 week high of $115.78. The stock’s 50 day moving average is $79.91 and its 200-day moving average is $90.21. The stock has a market cap of $273.60 million, a price-to-earnings ratio of 16.26 and a beta of 0.99.

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.