Sprott Uranium Miners ETF Target of Unusually High Options Trading (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of unusually large options trading on Monday. Traders purchased 2,595 call options on the stock. This represents an increase of 118% compared to the typical daily volume of 1,192 call options.

Institutional Trading of Sprott Uranium Miners ETF

Large investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its stake in shares of Sprott Uranium Miners ETF by 1.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock valued at $867,000 after purchasing an additional 220 shares in the last quarter. Rathbones Group PLC grew its stake in shares of Sprott Uranium Miners ETF by 5.4% in the 1st quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock worth $294,000 after buying an additional 240 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Sprott Uranium Miners ETF by 157.8% in the 1st quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after buying an additional 325 shares during the last quarter. Menlo Advisors LLC increased its position in Sprott Uranium Miners ETF by 0.4% during the 2nd quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock valued at $4,558,000 after buying an additional 370 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in Sprott Uranium Miners ETF by 6.5% during the 2nd quarter. Corient Private Wealth LP now owns 6,119 shares of the company’s stock valued at $322,000 after buying an additional 372 shares in the last quarter.

Sprott Uranium Miners ETF Stock Up 2.2%

Shares of Sprott Uranium Miners ETF stock traded up $1.12 on Monday, hitting $51.44. The stock had a trading volume of 179,304 shares, compared to its average volume of 765,587. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 7.69 and a beta of 0.94. Sprott Uranium Miners ETF has a one year low of $46.82 and a one year high of $84.95. The stock’s 50-day simple moving average is $53.36 and its two-hundred day simple moving average is $58.50.

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.