Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Short Interest Update

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

Sprott Active Gold & Silver Miners ETF Price Performance

NASDAQ:GBUG traded down $3.27 during midday trading on Friday, reaching $44.39. The stock had a trading volume of 74,228 shares, compared to its average volume of 113,538. Sprott Active Gold & Silver Miners ETF has a 1-year low of $22.22 and a 1-year high of $59.02. The firm’s fifty day simple moving average is $46.88 and its 200-day simple moving average is $45.65. The stock has a market capitalization of $166.46 million, a P/E ratio of 21.39 and a beta of -0.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC acquired a new position in Sprott Active Gold & Silver Miners ETF in the 3rd quarter valued at $405,000. Miller Global Investments LLC bought a new stake in Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at $3,192,000. Johnson Investment Counsel Inc. bought a new stake in Sprott Active Gold & Silver Miners ETF in the 3rd quarter valued at $250,000. Commonwealth Equity Services LLC boosted its holdings in Sprott Active Gold & Silver Miners ETF by 3.2% in the 4th 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 during the period. Finally, Jane Street Group LLC bought a new stake in Sprott Active Gold & Silver Miners ETF in the 1st quarter valued at $2,096,000.

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.