Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 52-Week Low – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM) reached a new 52-week low during trading on Thursday . The company traded as low as $34.57 and last traded at $34.62, with a volume of 589737 shares changing hands. The stock had previously closed at $35.96.

Sprott Uranium Miners ETF Stock Down 3.5 %

The business’s fifty day moving average is $40.47 and its two-hundred day moving average is $43.57. The stock has a market capitalization of $1.26 billion, a PE ratio of 7.86 and a beta of 1.11.

Institutional Trading of Sprott Uranium Miners ETF

Large investors have recently made changes to their positions in the business. Petra Financial Advisors Inc. lifted its position in Sprott Uranium Miners ETF by 0.7% in the third quarter. Petra Financial Advisors Inc. now owns 32,896 shares of the company’s stock worth $1,509,000 after buying an additional 213 shares during the last quarter. US Bancorp DE raised its stake in shares of Sprott Uranium Miners ETF by 17.9% in the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock valued at $95,000 after acquiring an additional 358 shares during the period. Commons Capital LLC boosted its stake in shares of Sprott Uranium Miners ETF by 7.0% during the 4th quarter. Commons Capital LLC now owns 5,910 shares of the company’s stock worth $238,000 after purchasing an additional 388 shares during the period. Black Swift Group LLC grew its holdings in Sprott Uranium Miners ETF by 7.5% during the 3rd quarter. Black Swift Group LLC now owns 6,450 shares of the company’s stock valued at $296,000 after purchasing an additional 450 shares during the last quarter. Finally, Menlo Advisors LLC raised its position in Sprott Uranium Miners ETF by 0.6% in the 4th quarter. Menlo Advisors LLC now owns 90,064 shares of the company’s stock worth $3,630,000 after purchasing an additional 500 shares during the period.

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.