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

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 11,507 shares, a decline of 80.1% from the September 15th total of 57,840 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 35,305 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Sprott Junior Gold Miners ETF in the second quarter valued at approximately $86,000. Gateway Wealth Partners LLC acquired a new position in shares of Sprott Junior Gold Miners ETF during the first quarter worth approximately $201,000. TD Waterhouse Canada Inc. boosted its position in shares of Sprott Junior Gold Miners ETF by 101.3% during the second 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. Compass Financial Management LLC bought a new position in Sprott Junior Gold Miners ETF in the 2nd quarter worth approximately $265,000. Finally, NewEdge Advisors LLC grew its holdings in Sprott Junior Gold Miners ETF by 57.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock worth $312,000 after buying an additional 1,326 shares in the last quarter.

Sprott Junior Gold Miners ETF Stock Performance

Shares of Sprott Junior Gold Miners ETF stock traded up $2.87 during trading on Friday, reaching $88.56. The company had a trading volume of 26,113 shares, compared to its average volume of 71,750. The company has a market cap of $334.76 million, a price-to-earnings ratio of 16.26 and a beta of 1.03. The firm’s fifty day moving average is $93.58 and its 200-day moving average is $87.53. Sprott Junior Gold Miners ETF has a fifty-two week low of $67.60 and a fifty-two week high of $115.78.

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.