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

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.60 and last traded at $28.41, with a volume of 440683 shares trading hands. The stock had previously closed at $29.25.

Sprott Uranium Miners ETF Stock Up 8.1 %

The business has a 50 day moving average price of $35.00 and a 200 day moving average price of $41.76. The stock has a market cap of $1.14 billion, a P/E ratio of 6.67 and a beta of 1.17.

Institutional Trading of Sprott Uranium Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LFA Lugano Financial Advisors SA bought a new position in shares of Sprott Uranium Miners ETF in the fourth quarter worth about $37,000. NBC Securities Inc. bought a new position in Sprott Uranium Miners ETF in the 1st quarter worth about $53,000. US Bancorp DE grew its stake in Sprott Uranium Miners ETF by 17.9% in the 4th quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after acquiring an additional 358 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Sprott Uranium Miners ETF during the fourth quarter worth approximately $115,000. Finally, Natixis raised its stake in shares of Sprott Uranium Miners ETF by 21.5% during the fourth quarter. Natixis now owns 4,194 shares of the company’s stock valued at $168,000 after acquiring an additional 741 shares in 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.