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

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,954 shares, a decrease of 45.0% from the April 15th total of 5,371 shares. Based on an average daily volume of 84,253 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Sprott Gold Miners ETF Trading Down 7.2%

SGDM stock traded down $5.65 during trading on Friday, reaching $72.50. The stock had a trading volume of 128,954 shares, compared to its average volume of 84,581. The firm has a fifty day moving average price of $77.16 and a 200 day moving average price of $74.91. The company has a market capitalization of $663.38 million, a P/E ratio of -1,175.46 and a beta of 0.49. Sprott Gold Miners ETF has a 1-year low of $38.27 and a 1-year high of $96.50.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after buying an additional 185 shares during the last quarter. Advisory Services Network LLC purchased a new position in Sprott Gold Miners ETF in the 3rd quarter valued at about $52,000. Empowered Funds LLC purchased a new position in Sprott Gold Miners ETF in the 4th quarter valued at about $122,000. MH & Associates Securities Management Corp ADV purchased a new position in Sprott Gold Miners ETF in the 4th quarter valued at about $129,000. Finally, CIBC Private Wealth Group LLC boosted its position in Sprott Gold Miners ETF by 132.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the company’s stock valued at $141,000 after buying an additional 1,300 shares during the last quarter.

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.