Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Short Interest Update

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,176 shares, a decline of 34.8% from the May 31st total of 9,470 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 40,295 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC acquired a new stake in Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at approximately $343,000. Royal Bank of Canada raised its holdings in shares of 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 worth $928,000 after buying an additional 982 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF during the 4th quarter worth approximately $76,000. Sprott Inc. lifted its position in shares of Sprott Active Gold & Silver Miners ETF by 0.8% during the 4th quarter. Sprott Inc. now owns 183,295 shares of the company’s stock worth $8,008,000 after buying an additional 1,505 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake 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 buying an additional 1,638 shares in the last quarter.

Sprott Active Gold & Silver Miners ETF Stock Performance

Shares of GBUG stock opened at $39.09 on Thursday. The firm has a fifty day moving average of $43.04 and a 200-day moving average of $46.42. The stock has a market cap of $146.59 million, a price-to-earnings ratio of 21.39 and a beta of -0.10. Sprott Active Gold & Silver Miners ETF has a 52-week low of $24.15 and a 52-week high of $59.02.

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.