Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Unusually-High Trading Volume – Time to Buy?

Sprott Uranium Miners ETF (NYSEARCA:URNMGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 669,326 shares traded hands during trading, a decline of 13% from the previous session’s volume of 770,838 shares.The stock last traded at $54.69 and had previously closed at $56.81.

Sprott Uranium Miners ETF Stock Up 0.5%

The firm’s 50-day moving average price is $53.07 and its two-hundred day moving average price is $60.03. The firm has a market capitalization of $2.00 billion, a PE ratio of 7.69 and a beta of 0.93.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in URNM. Longview Financial Advisors Inc. acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter worth $32,000. Sunbelt Securities Inc. grew its holdings in shares of Sprott Uranium Miners ETF by 157.8% during the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after buying an additional 325 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Sprott Uranium Miners ETF during the first quarter valued at $34,000. Knuff & Co LLC acquired a new position in Sprott Uranium Miners ETF during the fourth quarter valued at $31,000. Finally, Main Street Group LTD acquired a new position in Sprott Uranium Miners ETF during the first quarter valued at $44,000.

Sprott Uranium Miners ETF Company Profile

(Get Free Report)

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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