Global X Uranium ETF (NYSEARCA:URA) Sets New 52-Week Low – Time to Sell?

Shares of Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low on Thursday. The stock traded as low as $34.16 and last traded at $34.1940, with a volume of 1,382,675 shares changing hands. The stock had previously closed at $35.55.

Global X Uranium ETF Trading Down 4.1%

The firm has a market cap of $4.79 billion, a P/E ratio of 37.39 and a beta of 1.27. The business’s fifty day simple moving average is $42.23 and its 200-day simple moving average is $45.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in URA. Ascentis Independent Advisors purchased a new stake in Global X Uranium ETF in the first quarter worth about $25,000. Highland Investment Advisors LLC purchased a new stake in shares of Global X Uranium ETF in the second quarter worth $34,000. Blue Trust Inc. grew its position in Global X Uranium ETF by 233.3% during the 1st quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 700 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Global X Uranium ETF during the first quarter valued at approximately $48,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Global X Uranium ETF in the 1st quarter worth $48,000.

Global X Uranium ETF Company Profile

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.