Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,587,267 shares, an increase of 60.9% from the August 15th total of 986,663 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily volume of 809,341 shares, the days-to-cover ratio is currently 2.0 days.
Hedge Funds Weigh In On Sprott Uranium Miners ETF
Hedge funds have recently modified their holdings of the business. Group One Trading LLC purchased a new stake in Sprott Uranium Miners ETF in the 1st quarter valued at $36,523,000. Cumberland Partners Ltd acquired a new position in Sprott Uranium Miners ETF in the fourth quarter valued at $12,334,000. Acorn Financial Advisory Services Inc. ADV purchased a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at about $13,258,000. Fielder Capital Group LLC boosted its stake in shares of Sprott Uranium Miners ETF by 2.6% during the fourth quarter. Fielder Capital Group LLC now owns 145,877 shares of the company’s stock worth $8,007,000 after buying an additional 3,689 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Sprott Uranium Miners ETF by 13.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 138,784 shares of the company’s stock worth $7,604,000 after buying an additional 16,428 shares during the period.
Sprott Uranium Miners ETF Stock Up 2.4%
NYSEARCA:URNM traded up $1.22 during mid-day trading on Thursday, reaching $51.44. 420,436 shares of the stock were exchanged, compared to its average volume of 770,189. The stock has a market capitalization of $1.87 billion, a P/E ratio of 7.69 and a beta of 0.94. Sprott Uranium Miners ETF has a 1 year low of $46.82 and a 1 year high of $84.95. The company has a 50 day simple moving average of $53.44 and a 200-day simple moving average of $58.82.
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.
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