Global X Uranium ETF (NYSEARCA:URA) Sets New 1-Year Low – What’s Next?

Global X Uranium ETF (NYSEARCA:URA) shares reached a new 52-week low during trading on Thursday. The company traded as low as $31.34 and last traded at $31.2120, with a volume of 1,749,915 shares. The stock had previously closed at $32.70.

Global X Uranium ETF Stock Down 4.9%

The company has a market cap of $4.33 billion, a price-to-earnings ratio of 37.39 and a beta of 1.28. The company has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $46.78.

Institutional Investors Weigh In On Global X Uranium ETF

Large investors have recently added to or reduced their stakes in the business. Group One Trading LLC raised its stake in Global X Uranium ETF by 226.7% during the first quarter. Group One Trading LLC now owns 1,751,918 shares of the company’s stock worth $84,845,000 after purchasing an additional 1,215,634 shares during the period. Bank of America Corp DE grew its stake in shares of Global X Uranium ETF by 17.3% during the 1st quarter. Bank of America Corp DE now owns 6,432,719 shares of the company’s stock valued at $311,537,000 after buying an additional 947,320 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X Uranium ETF during the 3rd quarter valued at $17,697,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Global X Uranium ETF during the 3rd quarter worth $13,485,000. Finally, Mason & Associates Inc acquired a new stake in shares of Global X Uranium ETF during the 1st quarter worth $10,981,000.

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.