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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 13,589 shares, a decrease of 86.3% from the January 29th total of 98,836 shares. Based on an average daily volume of 90,878 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 90,878 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Sprott Gold Miners ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter valued at approximately $2,372,000. EP Wealth Advisors LLC bought a new position in Sprott Gold Miners ETF in the 4th quarter worth $262,000. NewEdge Advisors LLC lifted its position in Sprott Gold Miners ETF by 37.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,895 shares of the company’s stock worth $689,000 after acquiring an additional 2,671 shares during the last quarter. Empowered Funds LLC bought a new stake in Sprott Gold Miners ETF during the fourth quarter valued at about $122,000. Finally, Asset One Wealth Management LLC acquired a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at about $17,836,000.

Sprott Gold Miners ETF Stock Performance

Shares of Sprott Gold Miners ETF stock traded up $0.50 during trading on Wednesday, hitting $91.65. 66,446 shares of the stock traded hands, compared to its average volume of 94,063. The stock has a market cap of $878.01 million, a P/E ratio of -1,485.94 and a beta of 0.44. The company has a fifty day moving average price of $79.28 and a two-hundred day moving average price of $66.66. Sprott Gold Miners ETF has a twelve month low of $31.80 and a twelve month high of $92.77.

Sprott Gold Miners ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.727 per share. This represents a dividend yield of 75.0%. The ex-dividend date was Thursday, December 18th. Sprott Gold Miners ETF’s dividend payout ratio is -470.18%.

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.