Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 1-Year Low – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares reached a new 52-week low on Thursday. The company traded as low as $41.35 and last traded at $41.5210, with a volume of 388,156 shares traded. The stock had previously closed at $43.73.

Sprott Uranium Miners ETF Stock Up 0.6%

The firm has a fifty day moving average of $51.02 and a 200-day moving average of $55.52. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.69 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Group One Trading LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at about $36,523,000. Acorn Financial Advisory Services Inc. ADV acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at approximately $13,258,000. WIT Partners Advisory Pte. Ltd. grew its position in shares of Sprott Uranium Miners ETF by 383.6% in the third quarter. WIT Partners Advisory Pte. Ltd. now owns 182,548 shares of the company’s stock valued at $8,664,000 after purchasing an additional 144,804 shares during the last quarter. Brandywine Financial Group purchased a new position in shares of Sprott Uranium Miners ETF during the 1st quarter worth approximately $7,053,000. Finally, SBE LLC DBA Cedar Cove Wealth Partners increased its stake in shares of Sprott Uranium Miners ETF by 63.2% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 133,346 shares of the company’s stock worth $6,329,000 after purchasing an additional 51,638 shares in 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.