Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Sees Significant Growth in Short Interest

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 106,617 shares, an increase of 913.3% from the July 30th total of 10,522 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 34,355 shares, the short-interest ratio is presently 3.1 days.

Sprott Active Gold & Silver Miners ETF Trading Up 1.6%

GBUG traded up $0.84 on Tuesday, hitting $54.92. 60,928 shares of the company’s stock were exchanged, compared to its average volume of 79,740. The firm has a market cap of $198.26 million, a PE ratio of 21.39 and a beta of 0.15. Sprott Active Gold & Silver Miners ETF has a twelve month low of $29.03 and a twelve month high of $59.02. The stock has a fifty day moving average of $42.28 and a two-hundred day moving average of $45.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GBUG. Jane Street Group LLC acquired a new stake in shares of Sprott Active Gold & Silver Miners ETF during the 1st quarter valued at about $2,096,000. National Bank of Canada FI boosted its holdings in shares of Sprott Active Gold & Silver Miners ETF by 18,628.7% during the 3rd quarter. National Bank of Canada FI now owns 29,966 shares of the company’s stock worth $1,119,000 after buying an additional 29,806 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Sprott Active Gold & Silver Miners ETF during the fourth quarter valued at about $343,000. Plan Group Financial LLC bought a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at approximately $293,000. Finally, Citadel Advisors LLC grew its stake in shares of Sprott Active Gold & Silver Miners ETF by 79.1% in the third quarter. Citadel Advisors LLC now owns 14,276 shares of the company’s stock worth $535,000 after acquiring an additional 6,307 shares during the last quarter.

Sprott Active Gold & Silver Miners ETF Company Profile

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.