Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Shares Up 2.4% – Here’s Why

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) shares shot up 2.4% on Friday . The company traded as high as $80.14 and last traded at $79.35. 65,893 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 90,751 shares. The stock had previously closed at $77.47.

Sprott Junior Gold Miners ETF Price Performance

The business’s fifty day simple moving average is $89.57 and its two-hundred day simple moving average is $91.74. The company has a market cap of $295.98 million, a PE ratio of 16.26 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Sprott Junior Gold Miners ETF by 76.1% in the fourth 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 in the last quarter. Royal Bank of Canada increased its holdings in 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 buying an additional 54,138 shares in the last quarter. Sprott Inc. increased its holdings in Sprott Junior Gold Miners ETF by 24.6% in the third quarter. Sprott Inc. now owns 36,272 shares of the company’s stock valued at $2,604,000 after buying an additional 7,155 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Sprott Junior Gold Miners ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock valued at $2,733,000 after buying an additional 671 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Sprott Junior Gold Miners ETF by 29.2% in the third quarter. Raymond James Financial Inc. now owns 26,685 shares of the company’s stock valued at $1,916,000 after buying an additional 6,028 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.