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

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,787 shares, a drop of 49.0% from the September 30th total of 13,317 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 38,546 shares, the days-to-cover ratio is presently 0.2 days.

Sprott Active Gold & Silver Miners ETF Price Performance

Shares of NASDAQ GBUG traded up $1.05 during trading hours on Monday, hitting $40.54. 26,108 shares of the company’s stock were exchanged, compared to its average volume of 68,607. Sprott Active Gold & Silver Miners ETF has a 1-year low of $33.93 and a 1-year high of $59.02. The stock has a market capitalization of $148.38 million, a price-to-earnings ratio of 21.39 and a beta of 0.38. The company’s 50-day moving average price is $47.37 and its 200-day moving average price is $46.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sprott Active Gold & Silver Miners ETF stock. Commonwealth Equity Services LLC acquired a new stake in Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,005 shares of the company’s stock, valued at approximately $2,337,000. Commonwealth Equity Services LLC owned 1.37% of Sprott Active Gold & Silver Miners ETF at the end of the most recent quarter.

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.