Short Interest in Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Expands By 65.8%

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 10,522 shares, an increase of 65.8% from the July 15th total of 6,346 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,308 shares, the short-interest ratio is presently 0.4 days.

Sprott Active Gold & Silver Miners ETF Stock Up 2.3%

Shares of Sprott Active Gold & Silver Miners ETF stock traded up $1.08 during trading on Monday, hitting $48.82. 28,270 shares of the company were exchanged, compared to its average volume of 80,566. Sprott Active Gold & Silver Miners ETF has a fifty-two week low of $27.06 and a fifty-two week high of $59.02. The stock has a market capitalization of $176.24 million, a price-to-earnings ratio of 21.39 and a beta of 0.15. The firm has a 50 day moving average price of $40.69 and a 200 day moving average price of $45.22.

Hedge Funds Weigh In On Sprott Active Gold & Silver Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth $343,000. Royal Bank of Canada grew its position in shares of Sprott Active Gold & Silver Miners ETF by 4.8% during the fourth 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 stake in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter worth about $76,000. Sprott Inc. raised its stake in 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 valued at $8,008,000 after buying an additional 1,505 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Sprott Active Gold & Silver Miners ETF by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 53,372 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,638 shares during the last quarter.

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.