Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Stock Short Interest Climbs 77.8%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 20,455 shares, a growth of 77.8% from the September 30th total of 11,507 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 26,588 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Sprott Junior Gold Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Sprott Junior Gold Miners ETF during the 2nd quarter valued at about $86,000. Gateway Wealth Partners LLC bought a new position in shares of Sprott Junior Gold Miners ETF in the 1st quarter valued at about $201,000. New Harbor Financial Group LLC acquired a new stake in shares of Sprott Junior Gold Miners ETF during the 3rd quarter worth approximately $233,000. TD Waterhouse Canada Inc. grew its position in shares of Sprott Junior Gold Miners ETF by 101.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,466 shares of the company’s stock worth $258,000 after buying an additional 1,744 shares during the period. Finally, Compass Financial Management LLC bought a new stake in shares of Sprott Junior Gold Miners ETF during the 2nd quarter valued at $265,000.

Sprott Junior Gold Miners ETF Stock Performance

Shares of NYSEARCA SGDJ traded down $5.60 during trading on Friday, reaching $72.37. The company had a trading volume of 42,330 shares, compared to its average volume of 70,758. Sprott Junior Gold Miners ETF has a 52 week low of $67.68 and a 52 week high of $115.78. The business’s 50 day moving average price is $90.55 and its 200-day moving average price is $90.00. The stock has a market cap of $298.89 million, a PE ratio of 16.26 and a beta of 1.03.

Sprott Junior Gold Miners ETF Company Profile

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.