Short Interest in Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Expands By 913.3%

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 106,617 shares, a growth of 913.3% from the July 30th total of 10,522 shares. Based on an average daily volume of 34,355 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.0% 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 bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at $63,000. Kestra Advisory Services LLC purchased a new stake in shares of Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at about $76,000. Steward Partners Investment Advisory LLC lifted its holdings 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 last quarter. Plan Group Financial LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at about $293,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at about $343,000.

Sprott Active Gold & Silver Miners ETF Stock Down 3.1%

Sprott Active Gold & Silver Miners ETF stock traded down $1.72 during midday trading on Wednesday, reaching $53.20. 26,782 shares of the stock traded hands, compared to its average volume of 79,409. The stock’s fifty day moving average is $42.28 and its 200-day moving average is $45.24. Sprott Active Gold & Silver Miners ETF has a 12 month low of $29.25 and a 12 month high of $59.02. The stock has a market cap of $192.05 million, a P/E ratio of 21.39 and a beta of 0.15.

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.