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

Sprott Uranium Miners ETF (NYSEARCA:URNM) reached a new 52-week low during trading on Monday . The company traded as low as $31.62 and last traded at $32.35, with a volume of 82032 shares traded. The stock had previously closed at $32.46.

Sprott Uranium Miners ETF Stock Up 0.2 %

The firm’s 50 day moving average price is $36.95 and its two-hundred day moving average price is $42.44. The firm has a market capitalization of $1.22 billion, a PE ratio of 6.67 and a beta of 1.17.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position 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 acquiring an additional 27,716 shares during the last quarter. Glenorchy Capital Ltd grew its stake in Sprott Uranium Miners ETF by 2.1% during the 4th 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 in the last quarter. Bank of America Corp DE increased its holdings in Sprott Uranium Miners ETF by 87.5% during the 4th quarter. Bank of America Corp DE now owns 223,817 shares of the company’s stock worth $9,022,000 after purchasing an additional 104,461 shares during the last quarter. BFI Infinity Ltd. acquired a new position in shares of Sprott Uranium Miners ETF in the 4th quarter valued at approximately $8,491,000. Finally, Garnet Equity Capital Holdings Inc. boosted its stake in shares of Sprott Uranium Miners ETF by 248.9% during the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 201,750 shares of the company’s stock valued at $8,133,000 after buying an additional 337,233 shares during the last quarter.

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.