Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Large Volume Increase – Time to Buy?

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) saw strong trading volume on Monday . 1,224,193 shares traded hands during trading, an increase of 17% from the previous session’s volume of 1,045,903 shares.The stock last traded at $75.2610 and had previously closed at $75.95.

Sprott Uranium Miners ETF Stock Performance

The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00. The stock has a fifty day simple moving average of $59.26 and a two-hundred day simple moving average of $55.88.

Sprott Uranium Miners ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a dividend of $1.7432 per share. This represents a dividend yield of 339.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of URNM. Financial Enhancement Group LLC acquired a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth approximately $1,854,000. Brown Lisle Cummings Inc. bought a new stake in Sprott Uranium Miners ETF in the fourth quarter valued at $56,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Sprott Uranium Miners ETF in the 4th quarter valued at about $2,088,000. Flagship Harbor Advisors LLC bought a new stake in Sprott Uranium Miners ETF in the 4th quarter valued at about $48,000. Finally, Rathbones Group PLC boosted its holdings in Sprott Uranium Miners ETF by 10.3% in the fourth quarter. Rathbones Group PLC now owns 4,410 shares of the company’s stock worth $242,000 after acquiring an additional 410 shares in the last quarter.

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.