Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading Down 3.8% – Should You Sell?

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) were down 3.8% on Tuesday . The stock traded as low as $42.42 and last traded at $42.29. Approximately 196,525 shares were traded during trading, a decline of 66% from the average daily volume of 574,069 shares. The stock had previously closed at $43.95.

Sprott Uranium Miners ETF Stock Performance

The business’s 50 day moving average is $35.60 and its 200-day moving average is $38.30. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 7.70 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of Sprott Uranium Miners ETF by 17.9% during the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after buying an additional 358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sprott Uranium Miners ETF by 65.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,101 shares of the company’s stock valued at $36,000 after acquiring an additional 437 shares in the last quarter. Stegent Equity Advisors Inc. raised its holdings in Sprott Uranium Miners ETF by 0.8% in the 1st quarter. Stegent Equity Advisors Inc. now owns 59,523 shares of the company’s stock valued at $1,931,000 after acquiring an additional 466 shares during the last quarter. Menlo Advisors LLC lifted its stake in Sprott Uranium Miners ETF by 0.6% in the 4th quarter. Menlo Advisors LLC now owns 90,064 shares of the company’s stock worth $3,630,000 after purchasing an additional 500 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Sprott Uranium Miners ETF by 5.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,852 shares of the company’s stock worth $437,000 after purchasing an additional 541 shares during 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.