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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 48,900 shares, an increase of 321.6% from the May 15th total of 11,600 shares. Based on an average trading volume of 79,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of SGDM. FWL Investment Management LLC bought a new stake in Sprott Gold Miners ETF during the fourth quarter worth about $28,000. Montis Financial LLC bought a new position in Sprott Gold Miners ETF in the 1st quarter valued at approximately $228,000. Private Advisor Group LLC bought a new position in Sprott Gold Miners ETF in the 1st quarter valued at approximately $231,000. Optimum Investment Advisors raised its holdings in Sprott Gold Miners ETF by 25.4% in the 4th quarter. Optimum Investment Advisors now owns 8,900 shares of the company’s stock valued at $247,000 after buying an additional 1,800 shares during the last quarter. Finally, Beirne Wealth Consulting Services LLC bought a new position in Sprott Gold Miners ETF in the 1st quarter valued at approximately $266,000.

Sprott Gold Miners ETF Stock Performance

Shares of Sprott Gold Miners ETF stock opened at $46.72 on Friday. Sprott Gold Miners ETF has a 52-week low of $25.78 and a 52-week high of $47.04. The firm has a 50-day moving average of $41.73 and a 200-day moving average of $35.32. The stock has a market cap of $420.01 million, a PE ratio of 20.35 and a beta of 0.46.

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.