Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Significant Increase in Short Interest

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,587,267 shares, an increase of 60.9% from the August 15th total of 986,663 shares. Based on an average trading volume of 809,341 shares, the short-interest ratio is presently 2.0 days. Currently, 4.4% of the company’s shares are short sold.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM stock traded up $1.22 on Thursday, hitting $51.44. 420,436 shares of the stock traded hands, compared to its average volume of 770,189. Sprott Uranium Miners ETF has a twelve month low of $46.82 and a twelve month high of $84.95. The firm’s 50-day moving average price is $53.44 and its two-hundred day moving average price is $58.82. The stock has a market capitalization of $1.87 billion, a PE ratio of 7.69 and a beta of 0.94.

Institutional Trading of Sprott Uranium Miners ETF

Several hedge funds have recently made changes to their positions in URNM. Truist Financial Corp boosted its holdings in shares of Sprott Uranium Miners ETF by 2.2% in the 4th quarter. Truist Financial Corp now owns 9,484 shares of the company’s stock valued at $521,000 after buying an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Sprott Uranium Miners ETF by 1.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock worth $867,000 after acquiring an additional 220 shares in the last quarter. Rathbones Group PLC raised its stake in Sprott Uranium Miners ETF by 5.4% during the 1st quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock worth $294,000 after acquiring an additional 240 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Sprott Uranium Miners ETF by 157.8% in the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after acquiring an additional 325 shares during the last quarter. Finally, Menlo Advisors LLC lifted its position in Sprott Uranium Miners ETF by 0.4% in the second quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock valued at $4,558,000 after acquiring an additional 370 shares during the last quarter.

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.