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

Global X Uranium ETF (NYSEARCA:URA) shares reached a new 52-week low on Monday . The stock traded as low as $22.47 and last traded at $22.90, with a volume of 871449 shares trading hands. The stock had previously closed at $23.10.

Global X Uranium ETF Stock Performance

The company has a market capitalization of $2.68 billion, a P/E ratio of 17.74 and a beta of 1.07. The business’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $28.52.

Institutional Investors Weigh In On Global X Uranium ETF

Several large investors have recently made changes to their positions in URA. JPMorgan Chase & Co. boosted its stake in Global X Uranium ETF by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,385,864 shares of the company’s stock valued at $382,970,000 after buying an additional 4,512,560 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Global X Uranium ETF by 356.1% during the 4th quarter. Marshall Wace LLP now owns 1,290,871 shares of the company’s stock worth $34,570,000 after acquiring an additional 1,007,853 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Global X Uranium ETF by 81.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,728,901 shares of the company’s stock valued at $46,300,000 after acquiring an additional 777,767 shares during the last quarter. LPL Financial LLC boosted its position in shares of Global X Uranium ETF by 56.5% during the 4th quarter. LPL Financial LLC now owns 2,109,269 shares of the company’s stock valued at $56,486,000 after acquiring an additional 761,345 shares during the last quarter. Finally, Kamunting Street Capital Management L.P. bought a new stake in Global X Uranium ETF in the fourth quarter worth $4,566,000.

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.