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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 37,600 shares, a decline of 30.0% from the September 30th total of 53,700 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 77,600 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 77,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Beaumont Financial Advisors LLC grew its holdings in shares of Sprott Gold Miners ETF by 10.6% during the third quarter. Beaumont Financial Advisors LLC now owns 7,652 shares of the company’s stock worth $474,000 after buying an additional 736 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Sprott Gold Miners ETF during the third quarter worth about $1,650,000. Optimum Investment Advisors grew its holdings in shares of Sprott Gold Miners ETF by 10.3% during the third quarter. Optimum Investment Advisors now owns 10,700 shares of the company’s stock worth $663,000 after buying an additional 1,000 shares in the last quarter. Premier Financial Group purchased a new stake in shares of Sprott Gold Miners ETF during the third quarter worth about $123,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Sprott Gold Miners ETF during the third quarter worth about $216,000.

Sprott Gold Miners ETF Price Performance

SGDM traded down $2.02 during midday trading on Tuesday, reaching $56.24. 84,030 shares of the company’s stock were exchanged, compared to its average volume of 64,323. The stock has a market capitalization of $537.13 million, a PE ratio of -910.84 and a beta of 0.44. Sprott Gold Miners ETF has a 1-year low of $26.60 and a 1-year high of $69.22. The business’s 50-day moving average price is $59.14 and its 200 day moving average price is $49.78.

About Sprott Gold Miners ETF

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.