Sprott Uranium Miners ETF (NYSEARCA:URNM) Shares Gap Down – Should You Sell?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $53.21, but opened at $51.66. Sprott Uranium Miners ETF shares last traded at $52.39, with a volume of 121,896 shares changing hands.

Sprott Uranium Miners ETF Price Performance

The firm has a market cap of $1.79 billion, a P/E ratio of 7.69 and a beta of 1.00. The company has a fifty day moving average of $57.55 and a 200-day moving average of $52.64.

Sprott Uranium Miners ETF Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Thursday, December 18th will be issued a dividend of $1.7432 per share. The ex-dividend date is Thursday, December 18th. This represents a yield of 339.0%.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of Sprott Uranium Miners ETF in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its holdings in Sprott Uranium Miners ETF by 865.4% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock worth $30,000 after acquiring an additional 450 shares during the period. Fifth Third Bancorp purchased a new position in Sprott Uranium Miners ETF in the third quarter worth $33,000. Elevation Point Wealth Partners LLC purchased a new position in Sprott Uranium Miners ETF in the second quarter worth $29,000. Finally, Caitlin John LLC bought a new position in Sprott Uranium Miners ETF in the 3rd quarter valued at $41,000.

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.