Sprott Uranium Miners ETF Target of Unusually Large Options Trading (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the recipient of some unusual options trading on Monday. Stock investors purchased 7,250 call options on the company. This is an increase of 433% compared to the typical volume of 1,359 call options.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM stock opened at $34.55 on Tuesday. Sprott Uranium Miners ETF has a 1 year low of $31.93 and a 1 year high of $60.17. The business’s fifty day moving average is $38.52 and its 200-day moving average is $42.87. The stock has a market cap of $1.27 billion, a PE ratio of 6.85 and a beta of 1.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in Sprott Uranium Miners ETF in the 4th quarter valued at about $37,000. US Bancorp DE raised its holdings in shares of Sprott Uranium Miners ETF by 17.9% in the 4th quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after purchasing an additional 358 shares in the last quarter. Spire Wealth Management acquired a new stake in Sprott Uranium Miners ETF during the fourth quarter valued at approximately $115,000. Natixis boosted its holdings in Sprott Uranium Miners ETF by 21.5% during the fourth quarter. Natixis now owns 4,194 shares of the company’s stock worth $168,000 after buying an additional 741 shares in the last quarter. Finally, Scotia Capital Inc. bought a new stake in Sprott Uranium Miners ETF during the fourth quarter worth approximately $202,000.

Sprott Uranium Miners ETF Company Profile

The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that is based on the North Shore Global Uranium Mining index, a market-cap-weighted index of global companies in the uranium industry. URNM was launched on Dec 3, 2019 and is managed by Sprott.