Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Sees Large Growth in Short Interest

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

Sprott Junior Gold Miners ETF Stock Down 7.2%

Shares of SGDJ traded down $5.60 during midday trading on Friday, reaching $72.37. 42,330 shares of the stock were exchanged, compared to its average volume of 70,758. The company has a market cap of $298.89 million, a price-to-earnings ratio of 16.26 and a beta of 1.03. Sprott Junior Gold Miners ETF has a 12-month low of $67.68 and a 12-month high of $115.78. The firm has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $90.00.

Institutional Trading of Sprott Junior Gold Miners ETF

Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its position in shares of Sprott Junior Gold Miners ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock valued at $2,733,000 after acquiring an additional 671 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Sprott Junior Gold Miners ETF by 34.2% during the first quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock valued at $1,067,000 after acquiring an additional 3,159 shares during the period. Holcombe Financial Inc. boosted its stake in shares of Sprott Junior Gold Miners ETF by 2.6% in the 3rd quarter. Holcombe Financial Inc. now owns 11,340 shares of the company’s stock valued at $1,003,000 after purchasing an additional 292 shares in the last quarter. Convergence Financial LLC acquired a new position in Sprott Junior Gold Miners ETF in the third quarter valued at about $954,000. Finally, Private Advisor Group LLC increased its holdings in Sprott Junior Gold Miners ETF by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock valued at $712,000 after purchasing an additional 285 shares in the last quarter.

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.