Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $45.99 and traded as high as $47.18. Sprott Active Gold & Silver Miners ETF shares last traded at $46.97, with a volume of 25,458 shares trading hands.

Sprott Active Gold & Silver Miners ETF Trading Up 5.4%

The business’s fifty day simple moving average is $46.38 and its 200 day simple moving average is $45.99. The stock has a market cap of $171.91 million, a price-to-earnings ratio of 13.90 and a beta of 0.55.

Hedge Funds Weigh In On Sprott Active Gold & Silver Miners ETF

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new position in shares of Sprott Active Gold & Silver Miners ETF during the 3rd quarter worth about $2,337,000. HBW Advisory Services LLC increased its stake in shares of Sprott Active Gold & Silver Miners ETF by 146.8% in the 3rd quarter. HBW Advisory Services LLC now owns 14,347 shares of the company’s stock valued at $671,000 after acquiring an additional 8,533 shares during the last quarter. Finally, Harbour Investments Inc. bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 3rd quarter valued at about $55,000.

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.