Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Short Interest Down 81.8% in August

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) saw 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. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 50,346 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at approximately $76,000. Steward Partners Investment Advisory LLC raised its stake in shares of Sprott Active Gold & Silver Miners ETF by 49.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,580 shares of the company’s stock valued at $244,000 after acquiring an additional 1,850 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at $343,000. Cetera Investment Advisers lifted its holdings in shares of Sprott Active Gold & Silver Miners ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 13,766 shares of the company’s stock valued at $349,000 after acquiring an additional 416 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Sprott Active Gold & Silver Miners ETF by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 11,765 shares of the company’s stock worth $441,000 after purchasing an additional 600 shares during the period.

Sprott Active Gold & Silver Miners ETF Trading Up 2.3%

Shares of Sprott Active Gold & Silver Miners ETF stock traded up $1.13 during trading hours on Friday, reaching $51.03. The stock had a trading volume of 3,277 shares, compared to its average volume of 76,717. The firm has a market capitalization of $184.22 million, a price-to-earnings ratio of 21.39 and a beta of 0.27. Sprott Active Gold & Silver Miners ETF has a 1 year low of $32.98 and a 1 year high of $59.02. The firm has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $45.34.

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.