Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Stock Short Interest Falls 49.0%

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 6,787 shares, a decline of 49.0% from the September 30th total of 13,317 shares. Based on an average daily volume of 38,546 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Sprott Active Gold & Silver Miners ETF

An institutional investor recently raised its stake in Sprott Active Gold & Silver Miners ETF stock. HBW Advisory Services LLC increased its position in shares of Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) by 146.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,347 shares of the company’s stock after buying an additional 8,533 shares during the period. HBW Advisory Services LLC owned about 0.38% of Sprott Active Gold & Silver Miners ETF worth $671,000 at the end of the most recent reporting period.

Sprott Active Gold & Silver Miners ETF Stock Down 5.3%

NASDAQ GBUG traded down $2.21 during trading hours on Friday, hitting $39.49. 48,772 shares of the company were exchanged, compared to its average volume of 68,810. The firm has a market cap of $144.53 million, a price-to-earnings ratio of 21.39 and a beta of 0.38. The company has a 50 day moving average of $47.63 and a two-hundred day moving average of $46.16. Sprott Active Gold & Silver Miners ETF has a 52-week low of $33.93 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.