Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Short Interest Update

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 69,333 shares, an increase of 233.3% from the May 31st total of 20,804 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 70,437 shares, the short-interest ratio is currently 1.0 days.

Sprott Junior Gold Miners ETF Stock Up 2.8%

NYSEARCA SGDJ traded up $2.11 on Friday, reaching $77.73. 96,423 shares of the stock traded hands, compared to its average volume of 89,094. The firm’s fifty day simple moving average is $87.50 and its 200 day simple moving average is $91.74. Sprott Junior Gold Miners ETF has a 12 month low of $47.39 and a 12 month high of $115.78. The company has a market cap of $289.93 million, a price-to-earnings ratio of 16.26 and a beta of 0.95.

Institutional Investors Weigh In On Sprott Junior Gold Miners ETF

Several hedge funds have recently made changes to their positions in SGDJ. NewEdge Advisors LLC lifted its stake in 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 worth $312,000 after acquiring an additional 1,326 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of Sprott Junior Gold Miners ETF during the 1st quarter worth about $201,000. Wealthfront Advisers LLC raised its stake in Sprott Junior Gold Miners ETF by 34.2% during the 1st quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,159 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Sprott Junior Gold Miners ETF by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock worth $2,733,000 after acquiring an additional 671 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Sprott Junior Gold Miners ETF by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock worth $712,000 after acquiring an additional 285 shares during the period.

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.