Sprott Gold Miners ETF (NYSEARCA:SGDM) Sees Large Increase in Short Interest

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 98,836 shares, an increase of 85.4% from the January 15th total of 53,299 shares. Based on an average daily trading volume, of 144,723 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 144,723 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in shares of Sprott Gold Miners ETF by 467.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after buying an additional 416 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Sprott Gold Miners ETF in the 3rd quarter valued at $52,000. Blue Trust Inc. increased its position in shares of Sprott Gold Miners ETF by 381.3% during the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after buying an additional 1,144 shares during the period. Empowered Funds LLC bought a new position in Sprott Gold Miners ETF during the fourth quarter worth $122,000. Finally, Premier Financial Group bought a new position in Sprott Gold Miners ETF during the third quarter worth $123,000.

Sprott Gold Miners ETF Trading Up 6.5%

SGDM traded up $5.20 during trading on Friday, reaching $84.78. 63,154 shares of the company’s stock were exchanged, compared to its average volume of 100,212. Sprott Gold Miners ETF has a one year low of $31.80 and a one year high of $92.72. The firm has a fifty day moving average price of $76.38 and a two-hundred day moving average price of $64.44. The stock has a market capitalization of $812.19 million, a PE ratio of -1,374.56 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $0.727 dividend. This represents a yield of 75.0%. The ex-dividend date was Thursday, December 18th. Sprott Gold Miners ETF’s dividend payout ratio is presently -470.18%.

Sprott Gold Miners ETF Company Profile

The Sprott Gold Miners ETF (SGDM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight. SGDM was launched on Jul 15, 2014 and is managed by Sprott.