Sprott Gold Miners ETF (NYSEARCA:SGDM) Short Interest Update

Sprott Gold Miners ETF (NYSEARCA:SGDM) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 13,589 shares, a decline of 86.3% from the January 29th total of 98,836 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 90,878 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 90,878 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Sprott Gold Miners ETF

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in shares of Sprott Gold Miners ETF by 32.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,182 shares of the company’s stock worth $2,090,000 after purchasing an additional 11,314 shares during the last quarter. New Harbor Financial Group LLC lifted its holdings in Sprott Gold Miners ETF by 55.8% during the 2nd quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock valued at $2,906,000 after purchasing an additional 23,002 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Sprott Gold Miners ETF in the second quarter valued at about $263,000. Cetera Investment Advisers grew its stake in Sprott Gold Miners ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock worth $10,872,000 after buying an additional 23,150 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Sprott Gold Miners ETF during the third quarter worth about $1,650,000.

Sprott Gold Miners ETF Stock Up 0.5%

SGDM traded up $0.50 during midday trading on Wednesday, reaching $91.65. 66,446 shares of the company’s stock were exchanged, compared to its average volume of 94,063. The business has a 50-day simple moving average of $79.28 and a two-hundred day simple moving average of $66.66. The firm has a market capitalization of $878.01 million, a price-to-earnings ratio of -1,485.94 and a beta of 0.44. Sprott Gold Miners ETF has a one year low of $31.80 and a one year high of $92.77.

Sprott Gold Miners ETF Announces Dividend

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