Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 106,617 shares, a growth of 913.3% from the July 30th total of 10,522 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily volume of 34,355 shares, the days-to-cover ratio is presently 3.1 days.
Hedge Funds Weigh In On Sprott Active Gold & Silver Miners ETF
Several hedge funds and other institutional investors have recently bought and sold shares of GBUG. Farther Finance Advisors LLC acquired a new stake in shares of Sprott Active Gold & Silver Miners ETF during the fourth quarter worth approximately $63,000. Kestra Advisory Services LLC bought a new position in Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at $76,000. Steward Partners Investment Advisory LLC boosted its stake in Sprott Active Gold & Silver Miners ETF by 49.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,580 shares of the company’s stock valued at $244,000 after acquiring an additional 1,850 shares during the last quarter. Plan Group Financial LLC acquired a new position in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth $293,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Sprott Active Gold & Silver Miners ETF during the 4th quarter worth $343,000.
Sprott Active Gold & Silver Miners ETF Stock Performance
Shares of GBUG traded up $0.84 during trading hours on Tuesday, hitting $54.92. The stock had a trading volume of 60,928 shares, compared to its average volume of 79,740. The firm has a market cap of $198.26 million, a P/E ratio of 21.39 and a beta of 0.15. The company’s fifty day simple moving average is $42.28 and its 200 day simple moving average is $45.24. Sprott Active Gold & Silver Miners ETF has a 12-month low of $29.03 and a 12-month high of $59.02.
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.
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