Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Shares Up 2% – Should You Buy?

Shares of Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) shot up 2% on Monday . The company traded as high as $48.57 and last traded at $47.67. 87,824 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 147,880 shares. The stock had previously closed at $46.72.

Sprott Active Gold & Silver Miners ETF Stock Performance

The stock has a market capitalization of $182.23 million, a price-to-earnings ratio of 21.39 and a beta of 4.80. The business’s 50 day simple moving average is $50.81 and its 200-day simple moving average is $42.89.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sprott Inc. increased its position in Sprott Active Gold & Silver Miners ETF by 0.8% in the 4th quarter. Sprott Inc. now owns 183,295 shares of the company’s stock valued at $8,008,000 after acquiring an additional 1,505 shares during the period. Jane Street Group LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF in the first quarter worth $2,096,000. Miller Global Investments LLC acquired a new position in shares of Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at $3,192,000. Brookwood Investment Group LLC raised its stake in shares of Sprott Active Gold & Silver Miners ETF by 7.0% during the fourth quarter. Brookwood Investment Group LLC now owns 69,851 shares of the company’s stock valued at $3,052,000 after purchasing an additional 4,546 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of 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 valued at $2,332,000 after purchasing an additional 1,638 shares in the last quarter.

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.