Global X Uranium ETF (NYSEARCA:URA) Sets New 52-Week Low – Should You Sell?

Global X Uranium ETF (NYSEARCA:URA) shares reached a new 52-week low on Thursday. The company traded as low as $34.16 and last traded at $34.1940, with a volume of 1,382,675 shares changing hands. The stock had previously closed at $35.55.

Global X Uranium ETF Stock Down 4.1%

The company has a 50-day simple moving average of $42.23 and a two-hundred day simple moving average of $45.62. The firm has a market cap of $4.79 billion, a PE ratio of 37.39 and a beta of 1.27.

Hedge Funds Weigh In On Global X Uranium ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in shares of Global X Uranium ETF in the first quarter worth about $25,000. Highland Investment Advisors LLC bought a new stake in shares of Global X Uranium ETF during the 2nd quarter valued at about $34,000. Blue Trust Inc. lifted its position in Global X Uranium ETF by 233.3% during the first quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 700 shares during the last quarter. Costello Asset Management INC purchased a new stake in Global X Uranium ETF during the first quarter valued at about $48,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Global X Uranium ETF in the 1st quarter worth approximately $48,000.

About Global X Uranium ETF

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.