Short Interest in Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Expands By 168.4%

by · The Cerbat Gem

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 34,259 shares, an increase of 168.4% from the April 30th total of 12,766 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 48,423 shares, the days-to-cover ratio is currently 0.7 days.

Sprott Active Gold & Silver Miners ETF Trading Up 3.7%

GBUG traded up $1.60 on Friday, hitting $45.28. 18,944 shares of the company’s stock were exchanged, compared to its average volume of 106,364. The firm has a market cap of $169.80 million, a PE ratio of 21.39 and a beta of -0.05. Sprott Active Gold & Silver Miners ETF has a twelve month low of $24.15 and a twelve month high of $59.02. The stock has a fifty day moving average of $45.51 and a two-hundred day moving average of $46.25.

Institutional Inflows and Outflows

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

About Sprott Active Gold & Silver Miners ETF

(Get Free Report)

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.

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