Global X Uranium ETF (NYSEARCA:URA) Hits New 12-Month Low – Time to Sell?

Global X Uranium ETF (NYSEARCA:URA)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $37.17 and last traded at $37.2760, with a volume of 1,457,550 shares. The stock had previously closed at $37.72.

Global X Uranium ETF Stock Down 1.2%

The business has a 50-day simple moving average of $43.38 and a two-hundred day simple moving average of $46.20. The stock has a market capitalization of $5.21 billion, a P/E ratio of 37.39 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Global X Uranium ETF by 17.3% in the 1st quarter. Bank of America Corp DE now owns 6,432,719 shares of the company’s stock worth $311,537,000 after purchasing an additional 947,320 shares in the last quarter. Group One Trading LLC increased its position in shares of Global X Uranium ETF by 226.7% during the 1st quarter. Group One Trading LLC now owns 1,751,918 shares of the company’s stock valued at $84,845,000 after purchasing an additional 1,215,634 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Global X Uranium ETF by 3.8% during the 1st quarter. Royal Bank of Canada now owns 961,461 shares of the company’s stock worth $46,564,000 after purchasing an additional 34,912 shares during the last quarter. Heartwood Wealth Advisors LLC raised its stake in Global X Uranium ETF by 0.3% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 453,502 shares of the company’s stock valued at $18,072,000 after acquiring an additional 1,484 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Global X Uranium ETF by 2.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 379,820 shares of the company’s stock worth $16,387,000 after buying an additional 8,087 shares during the period.

About Global X Uranium ETF

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.