Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading Down 3.8% – What’s Next?

Sprott Uranium Miners ETF (NYSEARCA:URNM) was down 3.8% during trading on Tuesday . The stock traded as low as $42.42 and last traded at $42.29. Approximately 196,525 shares changed hands during trading, a decline of 66% from the average daily volume of 574,069 shares. The stock had previously closed at $43.95.

Sprott Uranium Miners ETF Price Performance

The company has a market cap of $1.55 billion, a PE ratio of 7.70 and a beta of 1.00. The stock’s 50-day moving average is $35.60 and its 200 day moving average is $38.30.

Institutional Trading of Sprott Uranium Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new stake in Sprott Uranium Miners ETF during the 4th quarter worth about $37,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sprott Uranium Miners ETF by 65.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,101 shares of the company’s stock valued at $36,000 after buying an additional 437 shares during the period. NBC Securities Inc. purchased a new position in Sprott Uranium Miners ETF in the first quarter valued at $53,000. Operose Advisors LLC acquired a new position in shares of Sprott Uranium Miners ETF in the first quarter worth about $70,000. Finally, US Bancorp DE raised its position in shares of Sprott Uranium Miners ETF by 17.9% in the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after acquiring an additional 358 shares during the period.

About Sprott Uranium Miners ETF

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.