Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Drops By 45.8%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 12,444 shares, a decline of 45.8% from the January 29th total of 22,953 shares. Based on an average trading volume of 118,616 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 118,616 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. purchased a new position in shares of Sprott Junior Gold Miners ETF during the 3rd quarter valued at approximately $856,000. Wealthfront Advisers LLC raised its position in Sprott Junior Gold Miners ETF by 29.4% during the second quarter. Wealthfront Advisers LLC now owns 7,766 shares of the company’s stock worth $386,000 after acquiring an additional 1,764 shares during the period. Cetera Investment Advisers lifted its holdings in Sprott Junior Gold Miners ETF by 18.9% during the fourth quarter. Cetera Investment Advisers now owns 17,577 shares of the company’s stock valued at $1,479,000 after purchasing an additional 2,789 shares in the last quarter. Stansberry Asset Management LLC grew its position in shares of Sprott Junior Gold Miners ETF by 24.7% in the fourth quarter. Stansberry Asset Management LLC now owns 23,555 shares of the company’s stock valued at $1,982,000 after purchasing an additional 4,670 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Sprott Junior Gold Miners ETF by 31.9% in the fourth quarter. Osaic Holdings Inc. now owns 4,969 shares of the company’s stock valued at $418,000 after purchasing an additional 1,203 shares during the period.

Sprott Junior Gold Miners ETF Stock Down 1.0%

Shares of NYSEARCA:SGDJ traded down $1.17 during trading on Monday, hitting $114.22. 174,198 shares of the stock traded hands, compared to its average volume of 112,042. The company has a market cap of $459.15 million, a price-to-earnings ratio of 16.26 and a beta of 0.90. The company has a fifty day moving average price of $97.05 and a two-hundred day moving average price of $80.53. Sprott Junior Gold Miners ETF has a 52-week low of $36.29 and a 52-week high of $115.78.

Sprott Junior Gold Miners ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a $7.044 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 575.0%.

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.