Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Stock Short Interest Jumps 77.8%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 20,455 shares, an increase of 77.8% from the September 30th total of 11,507 shares. Based on an average daily trading volume, of 26,588 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

Several institutional investors have recently modified their holdings of the business. Convergence Financial LLC bought a new stake in Sprott Junior Gold Miners ETF in the 3rd quarter valued at about $954,000. Compass Financial Management LLC lifted its holdings in Sprott Junior Gold Miners ETF by 6.1% during the third quarter. Compass Financial Management LLC now owns 3,726 shares of the company’s stock valued at $329,000 after purchasing an additional 213 shares during the last quarter. New Harbor Financial Group LLC bought a new position in Sprott Junior Gold Miners ETF during the third quarter worth about $233,000. Holcombe Financial Inc. boosted its position in Sprott Junior Gold Miners ETF by 2.6% during the third quarter. Holcombe Financial Inc. now owns 11,340 shares of the company’s stock worth $1,003,000 after purchasing an additional 292 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Sprott Junior Gold Miners ETF during the second quarter worth about $86,000.

Sprott Junior Gold Miners ETF Trading Up 2.4%

Sprott Junior Gold Miners ETF stock traded up $1.77 during trading on Monday, hitting $74.14. 40,607 shares of the company were exchanged, compared to its average volume of 70,615. The company has a market capitalization of $306.20 million, a P/E ratio of 16.26 and a beta of 1.03. The business’s 50 day moving average is $90.55 and its 200 day moving average is $90.00. Sprott Junior Gold Miners ETF has a 52 week low of $67.68 and a 52 week high of $115.78.

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.