Short Interest in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Expands By 233.3%

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) was the recipient of a large increase in short interest in 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. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 70,437 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

A number of hedge funds have recently made changes to their positions in SGDJ. Royal Bank of Canada lifted its holdings in shares of Sprott Junior Gold Miners ETF by 1,397.5% during the 1st quarter. Royal Bank of Canada now owns 58,012 shares of the company’s stock valued at $2,466,000 after acquiring an additional 54,138 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Sprott Junior Gold Miners ETF by 14.5% in the 2nd quarter. Raymond James Financial Inc. now owns 20,657 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,609 shares in the last quarter. Jane Street Group LLC purchased a new position in Sprott Junior Gold Miners ETF in the second quarter valued at about $648,000. Bank of America Corp DE raised its position in Sprott Junior Gold Miners ETF by 199.1% in the second quarter. Bank of America Corp DE now owns 14,893 shares of the company’s stock valued at $740,000 after purchasing an additional 9,913 shares during the period. Finally, Osaic Holdings Inc. raised its position in Sprott Junior Gold Miners ETF by 40.0% in the second quarter. Osaic Holdings Inc. now owns 2,916 shares of the company’s stock valued at $145,000 after purchasing an additional 833 shares during the period.

Sprott Junior Gold Miners ETF Stock Performance

NYSEARCA SGDJ opened at $75.75 on Tuesday. Sprott Junior Gold Miners ETF has a one year low of $47.39 and a one year high of $115.78. The company’s 50 day moving average price is $87.10 and its 200 day moving average price is $91.74. The firm has a market capitalization of $282.55 million, a price-to-earnings ratio of 16.26 and a beta of 0.95.

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.