Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Short Interest Down 32.8% in October

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 486,300 shares, a drop of 32.8% from the October 15th total of 724,100 shares. Based on an average daily trading volume, of 213,900 shares, the days-to-cover ratio is currently 2.3 days.

Sprott Junior Uranium Miners ETF Price Performance

NASDAQ:URNJ traded up $0.25 during mid-day trading on Friday, reaching $21.89. 321,231 shares of the stock were exchanged, compared to its average volume of 227,971. The business has a fifty day moving average price of $22.40 and a 200 day moving average price of $23.46. Sprott Junior Uranium Miners ETF has a 1-year low of $16.39 and a 1-year high of $31.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its holdings in shares of Sprott Junior Uranium Miners ETF by 18.8% during the second quarter. National Bank of Canada FI now owns 25,338 shares of the company’s stock valued at $604,000 after buying an additional 4,017 shares in the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Sprott Junior Uranium Miners ETF in the first quarter worth approximately $685,000. Rathbones Group PLC boosted its holdings in shares of Sprott Junior Uranium Miners ETF by 2.7% during the second quarter. Rathbones Group PLC now owns 38,260 shares of the company’s stock worth $915,000 after purchasing an additional 1,000 shares during the period. HTLF Bank grew its position in Sprott Junior Uranium Miners ETF by 49.5% during the second quarter. HTLF Bank now owns 52,150 shares of the company’s stock valued at $1,247,000 after purchasing an additional 17,270 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in Sprott Junior Uranium Miners ETF by 10.4% in the 3rd quarter. Bridgewater Associates LP now owns 71,514 shares of the company’s stock valued at $1,578,000 after buying an additional 6,755 shares during the period.

Sprott Junior Uranium Miners ETF Company Profile

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.