Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Trading Down 2.9% – What’s Next?

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) shares traded down 2.9% on Thursday . The stock traded as low as $38.49 and last traded at $39.02. Approximately 25,693 shares were traded during trading, a decline of 70% from the average daily volume of 86,575 shares. The stock had previously closed at $40.20.

Sprott Active Gold & Silver Miners ETF Stock Up 0.5%

The firm has a market cap of $141.51 million, a P/E ratio of 21.39 and a beta of 0.11. The business’s 50 day moving average is $40.55 and its two-hundred day moving average is $45.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in shares of 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. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at approximately $25,000. Bank of America Corp DE lifted its stake in Sprott Active Gold & Silver Miners ETF by 5.4% in the third quarter. Bank of America Corp DE now owns 11,765 shares of the company’s stock valued at $441,000 after buying an additional 600 shares during the period. Royal Bank of Canada boosted its holdings in shares of Sprott Active Gold & Silver Miners ETF by 4.8% during the 4th quarter. Royal Bank of Canada now owns 21,242 shares of the company’s stock worth $928,000 after buying an additional 982 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF during the 4th quarter worth approximately $63,000.

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.