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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 9,470 shares, a decrease 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 currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.

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

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Sprott Active Gold & Silver Miners ETF in the first quarter valued at approximately $2,096,000. Miller Global Investments LLC purchased a new stake in Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at $3,192,000. National Bank of Canada FI lifted its position in Sprott Active Gold & Silver Miners ETF by 18,628.8% in the third quarter. National Bank of Canada FI now owns 29,966 shares of the company’s stock valued at $1,119,000 after acquiring an additional 29,806 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Sprott Active Gold & Silver Miners ETF in the third quarter valued at $405,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at $343,000.

Sprott Active Gold & Silver Miners ETF Stock Performance

Shares of GBUG traded up $2.45 during midday trading on Thursday, hitting $39.16. The company had a trading volume of 35,730 shares, compared to its average volume of 101,328. The company’s 50-day simple moving average is $45.40 and its 200-day simple moving average is $46.42. The firm has a market capitalization of $146.85 million, a P/E ratio of 21.39 and a beta of -0.10. Sprott Active Gold & Silver Miners ETF has a 1 year low of $24.15 and a 1 year 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.