Global X Uranium ETF (NYSEARCA:URA) Sees Large Volume Increase – Still a Buy?

Shares of Global X Uranium ETF (NYSEARCA:URA) saw an uptick in trading volume on Tuesday . 5,467,951 shares traded hands during trading, an increase of 93% from the previous session’s volume of 2,828,927 shares.The stock last traded at $24.97 and had previously closed at $25.66.

Global X Uranium ETF Stock Down 2.0 %

The firm has a market capitalization of $2.68 billion, a P/E ratio of 22.45 and a beta of 1.08. The stock has a fifty day moving average of $28.14 and a 200-day moving average of $28.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Global X Uranium ETF by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,385,864 shares of the company’s stock valued at $382,970,000 after purchasing an additional 4,512,560 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Global X Uranium ETF by 356.1% during the 4th quarter. Marshall Wace LLP now owns 1,290,871 shares of the company’s stock worth $34,570,000 after purchasing an additional 1,007,853 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Global X Uranium ETF by 2,106.1% during the third quarter. Benjamin Edwards Inc. now owns 968,228 shares of the company’s stock worth $27,700,000 after purchasing an additional 924,340 shares during the period. BNP Paribas Financial Markets increased its position in shares of Global X Uranium ETF by 742.7% during the third quarter. BNP Paribas Financial Markets now owns 927,922 shares of the company’s stock worth $26,548,000 after acquiring an additional 817,807 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Global X Uranium ETF by 81.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,728,901 shares of the company’s stock valued at $46,300,000 after buying an additional 777,767 shares during the last quarter.

Global X Uranium ETF Company Profile

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.