Investors Buy Large Volume of Sprott Uranium Miners ETF Call Options (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw unusually large options trading activity on Monday. Traders acquired 7,250 call options on the company. This is an increase of approximately 433% compared to the average volume of 1,359 call options.

Sprott Uranium Miners ETF Trading Up 0.2 %

Shares of URNM stock opened at $34.62 on Wednesday. Sprott Uranium Miners ETF has a 52 week low of $31.93 and a 52 week high of $60.17. The company has a market cap of $1.27 billion, a PE ratio of 6.85 and a beta of 1.14. The company’s fifty day simple moving average is $38.38 and its 200-day simple moving average is $42.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth about $37,000. US Bancorp DE grew its position in Sprott Uranium Miners ETF by 17.9% during the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock valued at $95,000 after purchasing an additional 358 shares in the last quarter. Spire Wealth Management purchased a new position in Sprott Uranium Miners ETF during the fourth quarter valued at approximately $115,000. Natixis grew its position in Sprott Uranium Miners ETF by 21.5% in the fourth quarter. Natixis now owns 4,194 shares of the company’s stock worth $168,000 after acquiring an additional 741 shares in the last quarter. Finally, Scotia Capital Inc. bought a new stake in Sprott Uranium Miners ETF in the fourth quarter worth approximately $202,000.

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.