Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 12-Month Low – Should You Sell?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price hit a new 52-week low on Friday. The company traded as low as $38.96 and last traded at $39.0720, with a volume of 272,783 shares traded. The stock had previously closed at $40.27.

Sprott Uranium Miners ETF Stock Performance

The firm’s 50 day moving average price is $46.56 and its 200-day moving average price is $57.43. The firm has a market capitalization of $1.65 billion, a PE ratio of 31.22 and a beta of 1.07.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

A number of large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of Sprott Uranium Miners ETF by 1.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock worth $867,000 after purchasing an additional 220 shares in the last quarter. Rathbones Group PLC increased its holdings in Sprott Uranium Miners ETF by 5.4% in the first quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock valued at $294,000 after buying an additional 240 shares during the last quarter. Seelaus Asset Management LLC raised its stake in Sprott Uranium Miners ETF by 2.5% in the third quarter. Seelaus Asset Management LLC now owns 11,978 shares of the company’s stock valued at $568,000 after buying an additional 296 shares in the last quarter. Sigma Planning Corp raised its stake in Sprott Uranium Miners ETF by 5.4% in the third quarter. Sigma Planning Corp now owns 6,141 shares of the company’s stock valued at $291,000 after buying an additional 313 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Sprott Uranium Miners ETF by 157.8% in the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after buying an additional 325 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.