Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Drops By 91.3%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 18,302 shares, a decline of 91.3% from the December 31st total of 209,532 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 59,641 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 59,641 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Sprott Junior Gold Miners ETF Price Performance

NYSEARCA:SGDJ traded up $1.99 during mid-day trading on Wednesday, reaching $111.24. The stock had a trading volume of 131,344 shares, compared to its average volume of 100,008. The company has a market capitalization of $458.31 million, a price-to-earnings ratio of 16.26 and a beta of 0.90. The stock’s 50 day simple moving average is $88.50 and its two-hundred day simple moving average is $72.44. Sprott Junior Gold Miners ETF has a 1-year low of $36.13 and a 1-year high of $111.56.

Sprott Junior Gold Miners ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a $7.044 dividend. This represents a yield of 575.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Trading of Sprott Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in shares of Sprott Junior Gold Miners ETF by 42.0% in the 4th quarter. Farther Finance Advisors LLC now owns 514 shares of the company’s stock valued at $43,000 after buying an additional 152 shares during the period. AdvisorNet Financial Inc lifted its holdings in Sprott Junior Gold Miners ETF by 82.5% in the third quarter. AdvisorNet Financial Inc now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 165 shares during the last quarter. Willis Johnson & Associates Inc. boosted its stake in Sprott Junior Gold Miners ETF by 6.2% in the fourth quarter. Willis Johnson & Associates Inc. now owns 3,235 shares of the company’s stock valued at $272,000 after acquiring an additional 190 shares during the period. Financial Consulate Inc. acquired a new position in Sprott Junior Gold Miners ETF in the third quarter valued at approximately $28,000. Finally, Optimum Investment Advisors bought a new position in shares of Sprott Junior Gold Miners ETF during the third quarter valued at approximately $32,000.

About Sprott Junior Gold Miners ETF

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.