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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 9,470 shares, a decline of 72.4% from the May 14th total of 34,259 shares. Based on an average daily volume of 31,607 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Sprott Active Gold & Silver Miners ETF Stock Up 2.9%

GBUG traded up $1.15 during trading on Friday, hitting $40.31. The company’s stock had a trading volume of 33,554 shares, compared to its average volume of 100,723. The firm’s 50 day moving average price is $45.12 and its two-hundred day moving average price is $46.39. Sprott Active Gold & Silver Miners ETF has a 12 month low of $24.15 and a 12 month high of $59.02. The stock has a market capitalization of $151.16 million, a price-to-earnings ratio of 21.39 and a beta of -0.10.

Hedge Funds Weigh In On Sprott Active Gold & Silver Miners ETF

Several institutional investors have recently bought and sold shares of the business. Beacon Pointe Advisors LLC bought a new position in Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at $343,000. Royal Bank of Canada raised its position in Sprott Active Gold & Silver Miners ETF by 4.8% in the 4th 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 last quarter. Kestra Advisory Services LLC bought a new position in Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at $76,000. Sprott Inc. raised its position in Sprott Active Gold & Silver Miners ETF by 0.8% in the 4th quarter. Sprott Inc. now owns 183,295 shares of the company’s stock valued at $8,008,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Sprott Active Gold & Silver Miners ETF by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 53,372 shares of the company’s stock valued at $2,332,000 after purchasing an additional 1,638 shares during the last quarter.

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.