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 significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 19,366 shares, a decrease of 81.8% from the August 15th total of 106,617 shares. Based on an average daily volume of 50,346 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

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

Several large investors have recently modified their holdings of the stock. Sprott Inc. raised its position in shares of Sprott Active Gold & Silver Miners ETF by 0.8% during the fourth quarter. Sprott Inc. now owns 183,295 shares of the company’s stock worth $8,008,000 after purchasing an additional 1,505 shares during the period. Jane Street Group LLC bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 1st quarter valued at approximately $2,096,000. Commonwealth Equity Services LLC grew its position in Sprott Active Gold & Silver Miners ETF by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 53,372 shares of the company’s stock worth $2,332,000 after acquiring an additional 1,638 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Sprott Active Gold & Silver Miners ETF by 18,628.7% in the 3rd quarter. National Bank of Canada FI now owns 29,966 shares of the company’s stock valued at $1,119,000 after purchasing an additional 29,806 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake 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 valued at $928,000 after purchasing an additional 982 shares during the last quarter.

Sprott Active Gold & Silver Miners ETF Stock Up 0.9%

NASDAQ:GBUG traded up $0.43 during trading hours on Friday, reaching $50.33. 18,365 shares of the company’s stock were exchanged, compared to its average volume of 76,812. The company has a market capitalization of $181.69 million, a P/E ratio of 21.39 and a beta of 0.27. Sprott Active Gold & Silver Miners ETF has a 12 month low of $32.98 and a 12 month high of $59.02. The business’s 50-day simple moving average is $45.21 and its two-hundred day simple moving average is $45.37.

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.