Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 52-Week Low – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) shares hit a new 52-week low during trading on Thursday. The company traded as low as $46.72 and last traded at $46.5540, with a volume of 165300 shares. The stock had previously closed at $47.46.

Sprott Uranium Miners ETF Stock Down 0.3%

The firm has a 50-day moving average of $53.33 and a two-hundred day moving average of $57.49. The company has a market capitalization of $1.83 billion, a PE ratio of 7.69 and a beta of 1.09.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Longview Financial Advisors Inc. acquired a new stake in Sprott Uranium Miners ETF during the first quarter valued at $32,000. Sunbelt Securities Inc. raised its position in shares of Sprott Uranium Miners ETF by 157.8% in the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after acquiring an additional 325 shares during the period. Waverly Advisors LLC acquired a new position in shares of Sprott Uranium Miners ETF in the first quarter worth about $34,000. Main Street Group LTD acquired a new position in shares of Sprott Uranium Miners ETF in the first quarter worth about $44,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Sprott Uranium Miners ETF during the 1st quarter worth about $60,000.

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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