Sprott Uranium Miners ETF Sees Unusually High Options Volume (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 39,166 call options on the stock. This is an increase of approximately 2,897% compared to the typical daily volume of 1,307 call options.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of hedge funds have recently added to or reduced their stakes in URNM. WIT Partners Advisory Pte. Ltd. grew its stake in shares of Sprott Uranium Miners ETF by 596.8% in the first quarter. WIT Partners Advisory Pte. Ltd. now owns 71,981 shares of the company’s stock worth $4,546,000 after acquiring an additional 61,651 shares in the last quarter. Corecam Pte. Ltd. raised its stake in shares of Sprott Uranium Miners ETF by 7.9% in the third quarter. Corecam Pte. Ltd. now owns 171,935 shares of the company’s stock valued at $8,160,000 after acquiring an additional 12,660 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at $3,012,000. Freemont Management S.A. acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at $947,000. Finally, Greenfield Seitz Capital Management LLC boosted its holdings in Sprott Uranium Miners ETF by 15.7% in the third quarter. Greenfield Seitz Capital Management LLC now owns 122,490 shares of the company’s stock valued at $5,813,000 after purchasing an additional 16,610 shares during the period.

Sprott Uranium Miners ETF Price Performance

Shares of NYSEARCA URNM traded up $0.72 during midday trading on Wednesday, hitting $42.50. The company’s stock had a trading volume of 259,541 shares, compared to its average volume of 768,494. The business’s fifty day simple moving average is $47.45 and its two-hundred day simple moving average is $57.95. Sprott Uranium Miners ETF has a 1 year low of $39.04 and a 1 year high of $84.95. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.69 and a beta of 1.07.

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.