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

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

Sprott Active Gold & Silver Miners ETF Stock Performance

NASDAQ GBUG traded down $2.21 on Friday, hitting $39.49. The stock had a trading volume of 48,772 shares, compared to its average volume of 68,810. The firm has a 50-day moving average of $47.63 and a 200-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. The company has a market capitalization of $144.53 million, a price-to-earnings ratio of 21.39 and a beta of 0.38.

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

A hedge fund recently raised its stake in Sprott Active Gold & Silver Miners ETF stock. HBW Advisory Services LLC raised its holdings in shares of Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) by 146.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,347 shares of the company’s stock after buying an additional 8,533 shares during the quarter. HBW Advisory Services LLC owned about 0.38% of Sprott Active Gold & Silver Miners ETF worth $671,000 as of its most recent filing with the Securities & Exchange Commission.

About Sprott Active Gold & Silver Miners ETF

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.