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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 12,766 shares, a decrease of 76.0% from the April 15th total of 53,202 shares. Based on an average daily volume of 56,831 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Sprott Active Gold & Silver Miners ETF Price Performance

Shares of GBUG traded down $0.16 during trading hours on Wednesday, hitting $48.64. The stock had a trading volume of 34,000 shares, compared to its average volume of 114,735. The company’s fifty day moving average is $46.99 and its two-hundred day moving average is $45.57. Sprott Active Gold & Silver Miners ETF has a 52 week low of $22.01 and a 52 week high of $59.02. The stock has a market capitalization of $182.40 million, a price-to-earnings ratio of 21.39 and a beta of -0.05.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Sprott Inc. grew its holdings in Sprott Active Gold & Silver Miners ETF by 0.8% during the 4th quarter. Sprott Inc. now owns 183,295 shares of the company’s stock worth $8,008,000 after acquiring an additional 1,505 shares during the last quarter. Jane Street Group LLC bought a new stake in Sprott Active Gold & Silver Miners ETF during the 1st quarter worth about $2,096,000. Miller Global Investments LLC bought a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth about $3,192,000. Brookwood Investment Group LLC grew its holdings in Sprott Active Gold & Silver Miners ETF by 7.0% during the 4th quarter. Brookwood Investment Group LLC now owns 69,851 shares of the company’s stock worth $3,052,000 after acquiring an additional 4,546 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Sprott Active Gold & Silver Miners ETF by 3.2% during the 4th 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 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.