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

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) saw a significant decline in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 35,305 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Sprott Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SGDJ. Integrated Wealth Concepts LLC bought a new stake in Sprott Junior Gold Miners ETF during the second quarter valued at $86,000. Gateway Wealth Partners LLC bought a new position in Sprott Junior Gold Miners ETF in the 1st quarter worth about $201,000. TD Waterhouse Canada Inc. increased its stake in Sprott Junior Gold Miners ETF by 101.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,466 shares of the company’s stock worth $258,000 after acquiring an additional 1,744 shares during the last quarter. Compass Financial Management LLC bought a new position in Sprott Junior Gold Miners ETF in the 2nd quarter worth about $265,000. Finally, NewEdge Advisors LLC raised its holdings in shares of 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 valued at $312,000 after acquiring an additional 1,326 shares in the last quarter.

Sprott Junior Gold Miners ETF Trading Down 1.6%

Shares of NYSEARCA:SGDJ opened at $87.12 on Tuesday. The company has a 50 day moving average of $93.80 and a 200 day moving average of $87.63. Sprott Junior Gold Miners ETF has a 12 month low of $67.60 and a 12 month high of $115.78. The stock has a market cap of $329.31 million, a P/E ratio of 16.26 and a beta of 1.03.

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.