Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) was the recipient of some unusual options trading on Monday. Investors purchased 2,595 call options on the company. This is an increase of 118% compared to the typical daily volume of 1,192 call options.
Institutional Investors Weigh In On Sprott Uranium Miners ETF
Hedge funds have recently added to or reduced their stakes in the stock. Menlo Advisors LLC grew its holdings in shares of Sprott Uranium Miners ETF by 0.4% in the second quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock worth $4,558,000 after acquiring an additional 370 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Sprott Uranium Miners ETF by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 6,725 shares of the company’s stock valued at $354,000 after acquiring an additional 693 shares during the period. Tidal Investments LLC lifted its holdings in Sprott Uranium Miners ETF by 81.8% in the second quarter. Tidal Investments LLC now owns 17,893 shares of the company’s stock valued at $941,000 after acquiring an additional 8,053 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Sprott Uranium Miners ETF in the second quarter worth about $107,000. Finally, IFP Advisors Inc boosted its position in Sprott Uranium Miners ETF by 43.7% in the second quarter. IFP Advisors Inc now owns 10,300 shares of the company’s stock worth $542,000 after purchasing an additional 3,132 shares during the last quarter.
Sprott Uranium Miners ETF Stock Up 2.2%
Shares of NYSEARCA URNM traded up $1.12 during trading on Monday, reaching $51.44. 179,304 shares of the company traded hands, compared to its average volume of 765,587. The firm has a 50 day simple moving average of $53.36 and a 200-day simple moving average of $58.50. Sprott Uranium Miners ETF has a 52-week low of $46.82 and a 52-week high of $84.95. The stock has a market capitalization of $1.87 billion, a PE ratio of 7.69 and a beta of 0.94.
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.
Recommended Stories
- Five stocks we like better than Sprott Uranium Miners ETF
- 5 Dividend Stocks That Combine Income, Earnings Growth, and Wall Street Support
- These 3 AI Stocks Sold Off Hard—Even as Their Outlooks Improved
- Think Outside the Box With These 3 Companies That Make Unusual Business Models Work
- 3 Surging Stocks That Don’t Need the AI Boom to Keep Winning
Receive News & Ratings for Sprott Uranium Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Uranium Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.