Short Interest in Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Decreases By 72.4%

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,470 shares, a decline of 72.4% from the May 14th total of 34,259 shares. Based on an average trading volume of 31,607 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBUG. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at about $25,000. Farther Finance Advisors LLC bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at approximately $63,000. Kestra Advisory Services LLC bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at approximately $76,000. PNC Financial Services Group Inc. bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 3rd quarter valued at approximately $112,000. Finally, Parsons Capital Management Inc. RI bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at approximately $218,000.

Sprott Active Gold & Silver Miners ETF Trading Up 2.9%

GBUG traded up $1.15 on Friday, hitting $40.31. 33,554 shares of the stock traded hands, compared to its average volume of 100,723. Sprott Active Gold & Silver Miners ETF has a 52 week low of $24.15 and a 52 week high of $59.02. The firm has a market capitalization of $151.16 million, a PE ratio of 21.39 and a beta of -0.10. The business has a fifty day moving average price of $45.12 and a two-hundred day moving average price of $46.39.

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.