Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Short Interest Down 81.8% in August

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,366 shares, a decrease of 81.8% from the August 15th total of 106,617 shares. Based on an average daily trading volume, of 50,346 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Sprott Active Gold & Silver Miners ETF

Several large investors have recently bought and sold shares of GBUG. Kestra Advisory Services LLC purchased a new stake in shares of Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at approximately $76,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Sprott Active Gold & Silver Miners ETF by 49.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,580 shares of the company’s stock valued at $244,000 after purchasing an additional 1,850 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at $343,000. Cetera Investment Advisers grew its holdings in Sprott Active Gold & Silver Miners ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 13,766 shares of the company’s stock valued at $349,000 after purchasing an additional 416 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Sprott Active Gold & Silver Miners ETF by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 11,765 shares of the company’s stock valued at $441,000 after purchasing an additional 600 shares in the last quarter.

Sprott Active Gold & Silver Miners ETF Stock Performance

Shares of GBUG stock traded up $1.13 during trading hours on Friday, reaching $51.03. The company had a trading volume of 3,277 shares, compared to its average volume of 76,717. The company has a market capitalization of $184.22 million, a P/E ratio of 21.39 and a beta of 0.27. Sprott Active Gold & Silver Miners ETF has a twelve month low of $32.98 and a twelve month high of $59.02. The stock’s fifty day simple moving average is $45.02 and its 200 day simple moving average is $45.34.

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.