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

Sprott Gold Miners ETF (NYSEARCA:SGDM) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 70,458 shares, a growth of 169.2% from the November 30th total of 26,173 shares. Based on an average daily volume of 52,502 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 52,502 shares, the short-interest ratio is currently 1.3 days.

Sprott Gold Miners ETF Stock Performance

Shares of NYSEARCA SGDM opened at $74.47 on Friday. The business has a 50 day simple moving average of $64.49 and a 200 day simple moving average of $56.24. Sprott Gold Miners ETF has a 52 week low of $26.60 and a 52 week high of $74.47. The stock has a market cap of $711.19 million, a price-to-earnings ratio of -1,207.40 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG boosted its holdings in Sprott Gold Miners ETF by 4.2% in the third quarter. UBS Group AG now owns 339,233 shares of the company’s stock worth $21,032,000 after purchasing an additional 13,743 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Sprott Gold Miners ETF by 10.7% in 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. Raymond James Financial Inc. boosted its stake in shares of Sprott Gold Miners ETF by 25.5% during the 3rd quarter. Raymond James Financial Inc. now owns 81,448 shares of the company’s stock worth $5,050,000 after acquiring an additional 16,563 shares in the last quarter. New Harbor Financial Group LLC increased its holdings in shares of 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 acquiring an additional 23,002 shares during the last quarter. Finally, HC Advisors LLC raised its stake in shares of Sprott Gold Miners ETF by 1.7% in the 3rd quarter. HC Advisors LLC now owns 48,117 shares of the company’s stock valued at $2,983,000 after acquiring an additional 811 shares in the last quarter.

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.