Sprott Gold Miners ETF (SGDM) Short Interest Ratio & Short Volume

Short interest is the volume of Sprott Gold Miners ETF shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 31,700 shares of SGDM short. Learn More on Sprott Gold Miners ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SGDM shares currently have a short interest ratio of 1.0. Learn More on Sprott Gold Miners ETF's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sprott Gold Miners ETF: Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Sprott Gold Miners ETF saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 31,700 shares, a decrease of 33.0% from the previous total of 47,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Sprott Gold Miners ETF: Fidelity MSCI Materials Index ETF (0.19%), Direxion Daily Junior Gold Miners Index Bull 2X Shares (5.93%), VanEck Rare Earth and Strategic Metals ETF (1.33%), iShares U.S. Basic Materials ETF (10.08%), iShares Global Timber & Forestry ETF (0.26%), Direxion Daily Gold Miners Index Bull 2x Shares (3.06%), SPDR S&P North American Natural Resources ETF (0.07%), iShares Global Materials ETF (0.06%), First Trust Materials AlphaDEX Fund (0.19%), Sprott Junior Gold Miners ETF (1.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Coinbase Global, Inc. ($5.11 billion), Charter Communications, Inc. ($4.76 billion), Reddit Inc. ($2.84 billion), SoFi Technologies, Inc. ($2.79 billion), Seagate Technology Holdings PLC ($2.79 billion), Live Nation Entertainment, Inc. ($2.67 billion), Rocket Lab Corporation ($2.49 billion), AST SpaceMobile, Inc. ($2.12 billion), Moderna, Inc. ($2.09 billion), and Omnicom Group Inc. ($2.04 billion). View all of the most shorted stocks.

Short selling SGDM is an investing strategy that aims to generate trading profit from Sprott Gold Miners ETF as its price is falling. SGDM shares are trading up $0.83 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Sprott Gold Miners ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SGDM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SGDM, twice per month. The most recent reporting period available is July, 15 2025.