Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Significant Drop in Short Interest

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 34,004 shares, a decrease of 53.0% from the June 30th total of 72,411 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 45,659 shares, the short-interest ratio is currently 0.7 days.

Sprott Junior Gold Miners ETF Price Performance

NYSEARCA:SGDJ traded down $1.58 during trading hours on Tuesday, reaching $74.96. 33,707 shares of the stock were exchanged, compared to its average volume of 82,914. The stock has a market cap of $273.60 million, a PE ratio of 16.26 and a beta of 0.99. Sprott Junior Gold Miners ETF has a twelve month low of $47.39 and a twelve month high of $115.78. The firm has a 50 day moving average of $79.91 and a 200 day moving average of $90.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SGDJ. Jane Street Group LLC boosted its holdings in shares of Sprott Junior Gold Miners ETF by 76.1% in the 4th quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock valued at $13,461,000 after buying an additional 69,159 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Sprott Junior Gold Miners ETF by 1,397.5% in the first quarter. Royal Bank of Canada now owns 58,012 shares of the company’s stock valued at $2,466,000 after acquiring an additional 54,138 shares in the last quarter. D.A. Davidson & CO. raised its stake in Sprott Junior Gold Miners ETF by 160.8% in the 4th quarter. D.A. Davidson & CO. now owns 31,082 shares of the company’s stock worth $2,615,000 after purchasing an additional 19,165 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Sprott Junior Gold Miners ETF during the fourth quarter worth approximately $1,319,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in shares of Sprott Junior Gold Miners ETF in the fourth quarter valued at approximately $1,262,000.

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.