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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) saw a large increase in short interest in 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. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 48,423 shares, the days-to-cover ratio is currently 0.7 days.

Sprott Active Gold & Silver Miners ETF Price Performance

NASDAQ:GBUG traded up $1.60 during trading hours on Friday, hitting $45.28. The company’s stock had a trading volume of 18,944 shares, compared to its average volume of 106,364. The stock has a fifty day simple moving average of $45.51 and a 200-day simple moving average of $46.19. The company has a market capitalization of $169.80 million, a P/E 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.

Institutional Trading of Sprott Active Gold & Silver Miners ETF

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in Sprott Active Gold & Silver Miners ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 13,766 shares of the company’s stock valued at $349,000 after buying an additional 416 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at about $25,000. Bank of America Corp DE boosted 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 in the last quarter. Royal Bank of Canada boosted its stake in Sprott Active Gold & Silver Miners ETF by 4.8% in the fourth quarter. Royal Bank of Canada now owns 21,242 shares of the company’s stock valued at $928,000 after buying an additional 982 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth $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.