Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 12-Month Low – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares hit a new 52-week low on Thursday. The company traded as low as $46.36 and last traded at $46.3410, with a volume of 348,644 shares changing hands. The stock had previously closed at $47.87.

Sprott Uranium Miners ETF Stock Up 0.9%

The stock has a fifty day moving average of $53.11 and a two-hundred day moving average of $56.80. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 7.69 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URNM. Longview Financial Advisors Inc. acquired a new position in shares of Sprott Uranium Miners ETF during the first quarter worth $32,000. Sunbelt Securities Inc. grew its holdings in Sprott Uranium Miners ETF by 157.8% during the 1st quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after purchasing an additional 325 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Sprott Uranium Miners ETF during the 1st quarter valued at $34,000. GK Wealth Management LLC purchased a new stake in Sprott Uranium Miners ETF during the 3rd quarter worth $32,000. Finally, Main Street Group LTD purchased a new stake in Sprott Uranium Miners ETF during the 1st quarter worth $44,000.

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.