Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Down 49.2% in July

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,305 shares, a decrease of 49.2% from the July 15th total of 16,342 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 28,065 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SGDM. Farther Finance Advisors LLC grew its holdings in Sprott Gold Miners ETF by 36.6% during the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after acquiring an additional 185 shares in the last quarter. Advisory Services Network LLC acquired a new position in Sprott Gold Miners ETF in the third quarter worth about $52,000. Centaurus Financial Inc. acquired a new position in Sprott Gold Miners ETF in the first quarter worth about $103,000. Empowered Funds LLC bought a new stake in Sprott Gold Miners ETF in the fourth quarter valued at about $122,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Sprott Gold Miners ETF by 132.9% in the third 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 Stock Down 3.7%

Shares of Sprott Gold Miners ETF stock traded down $2.87 during trading hours on Tuesday, hitting $73.94. 37,764 shares of the company’s stock traded hands, compared to its average volume of 67,413. Sprott Gold Miners ETF has a twelve month low of $48.05 and a twelve month high of $96.50. The company has a market cap of $654.37 million, a PE ratio of -1,198.81 and a beta of 0.53. The stock has a 50 day simple moving average of $65.49 and a 200-day simple moving average of $73.81.

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.