Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Stock Price Down 2.9% – Should You Sell?

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) shares were down 2.9% during trading on Thursday . The company traded as low as $38.49 and last traded at $39.02. Approximately 25,693 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 86,575 shares. The stock had previously closed at $40.20.

Sprott Active Gold & Silver Miners ETF Stock Performance

The stock’s fifty day moving average price is $40.65 and its 200-day moving average price is $45.82. The company has a market capitalization of $140.86 million, a P/E ratio of 21.39 and a beta of 0.11.

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

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF during the 1st quarter worth approximately $2,096,000. National Bank of Canada FI increased 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 acquiring an additional 29,806 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in Sprott Active Gold & Silver Miners ETF in the 4th quarter valued at $343,000. Beaumont Financial Advisors LLC lifted its holdings in Sprott Active Gold & Silver Miners ETF by 30.4% during the 4th quarter. Beaumont Financial Advisors LLC now owns 30,038 shares of the company’s stock valued at $1,312,000 after purchasing an additional 6,996 shares during the last quarter. Finally, Plan Group Financial LLC acquired a new stake in Sprott Active Gold & Silver Miners ETF during the 4th quarter valued at $293,000.

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.