Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 1-Year Low – Here’s Why

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $31.93 and last traded at $33.52, with a volume of 846427 shares trading hands. The stock had previously closed at $32.66.

Sprott Uranium Miners ETF Stock Up 2.6 %

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.86 and a beta of 1.11. The company’s 50 day simple moving average is $39.93 and its two-hundred day simple moving average is $43.39.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Institutional investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Sprott Uranium Miners ETF by 145.4% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,227,000 shares of the company’s stock worth $56,295,000 after buying an additional 727,000 shares during the period. LPL Financial LLC lifted its stake in shares of Sprott Uranium Miners ETF by 10.2% during the fourth quarter. LPL Financial LLC now owns 299,086 shares of the company’s stock worth $12,056,000 after buying an additional 27,716 shares during the period. Glenorchy Capital Ltd lifted its position in Sprott Uranium Miners ETF by 2.1% during the fourth quarter. Glenorchy Capital Ltd now owns 242,749 shares of the company’s stock valued at $9,785,000 after purchasing an additional 4,900 shares during the period. Bridgewater Associates LP lifted its position in Sprott Uranium Miners ETF by 8.5% during the third quarter. Bridgewater Associates LP now owns 239,811 shares of the company’s stock valued at $11,003,000 after purchasing an additional 18,864 shares during the period. Finally, Bank of America Corp DE lifted its position in Sprott Uranium Miners ETF by 87.5% during the fourth quarter. Bank of America Corp DE now owns 223,817 shares of the company’s stock valued at $9,022,000 after purchasing an additional 104,461 shares during the period.

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.