Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Strong Trading Volume – Here’s Why

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) saw unusually-high trading volume on Tuesday . 669,326 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 770,838 shares.The stock last traded at $54.69 and had previously closed at $56.81.

Sprott Uranium Miners ETF Stock Performance

The firm has a market capitalization of $2.00 billion, a P/E ratio of 7.69 and a beta of 0.93. The firm has a 50 day moving average price of $53.08 and a two-hundred day moving average price of $60.26.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Knuff & Co LLC purchased a new position in Sprott Uranium Miners ETF during the 4th quarter valued at about $31,000. Longview Financial Advisors Inc. acquired a new stake in Sprott Uranium Miners ETF in the 1st quarter worth approximately $32,000. Sunbelt Securities Inc. boosted its holdings in shares of Sprott Uranium Miners ETF by 157.8% during the 1st quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after buying an additional 325 shares during the period. Waverly Advisors LLC bought a new stake in Sprott Uranium Miners ETF during the first quarter valued at about $34,000. Finally, Main Street Group LTD acquired a new stake in Sprott Uranium Miners ETF in the 1st quarter valued at approximately $44,000.

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.