Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Sees Significant Growth in Short Interest

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 10,522 shares, a growth of 65.8% from the July 15th total of 6,346 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 26,308 shares, the short-interest ratio is presently 0.4 days.

Sprott Active Gold & Silver Miners ETF Trading Down 4.0%

Sprott Active Gold & Silver Miners ETF stock opened at $46.87 on Wednesday. Sprott Active Gold & Silver Miners ETF has a 12 month low of $27.06 and a 12 month high of $59.02. The stock’s 50 day moving average is $41.05 and its 200-day moving average is $45.10. The company has a market capitalization of $169.20 million, a price-to-earnings ratio of 21.39 and a beta of 0.15.

Institutional Trading of Sprott Active Gold & Silver Miners ETF

Several institutional investors have recently added to or reduced their stakes in GBUG. Farther Finance Advisors LLC bought a new position in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth $63,000. Kestra Advisory Services LLC acquired a new position in shares of Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at about $76,000. Steward Partners Investment Advisory LLC increased its position in Sprott Active Gold & Silver Miners ETF by 49.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,580 shares of the company’s stock worth $244,000 after acquiring an additional 1,850 shares during the period. Plan Group Financial LLC bought a new position in Sprott Active Gold & Silver Miners ETF during the fourth quarter worth about $293,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Sprott Active Gold & Silver Miners ETF in the 4th quarter worth about $343,000.

About Sprott Active Gold & Silver Miners ETF

The Sprott Active Gold & Silver Miners ETF (GBUG) is an exchange-traded fund that is based on the Barclays Gold 3 Month index. The fund tracks the Barclays Gold 3 Month Index Total Return by rolling specified gold futures contracts.