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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,366 shares, a decrease of 81.8% from the August 15th total of 106,617 shares. Based on an average daily volume of 50,346 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Sprott Active Gold & Silver Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Beacon Pointe Advisors LLC purchased a new position in Sprott Active Gold & Silver Miners ETF in the 4th quarter worth approximately $343,000. Royal Bank of Canada raised its stake in shares of Sprott Active Gold & Silver Miners ETF by 4.8% during the fourth quarter. Royal Bank of Canada now owns 21,242 shares of the company’s stock valued at $928,000 after purchasing an additional 982 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at approximately $76,000. Sprott Inc. lifted its position in shares of Sprott Active Gold & Silver Miners ETF by 0.8% during the fourth quarter. Sprott Inc. now owns 183,295 shares of the company’s stock worth $8,008,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Sprott Active Gold & Silver Miners ETF by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 53,372 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,638 shares in the last quarter.

Sprott Active Gold & Silver Miners ETF Price Performance

NASDAQ GBUG traded up $0.43 during trading hours on Friday, hitting $50.33. The company had a trading volume of 18,365 shares, compared to its average volume of 76,812. The firm’s 50 day moving average is $45.21 and its 200 day moving average is $45.37. Sprott Active Gold & Silver Miners ETF has a fifty-two week low of $32.98 and a fifty-two week high of $59.02. The company has a market capitalization of $181.69 million, a price-to-earnings ratio of 21.39 and a beta of 0.27.

Sprott Active Gold & Silver Miners ETF Company Profile

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.