Sprott Uranium Miners ETF Sees Unusually High Options Volume (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw some unusual options trading activity on Wednesday. Traders bought 43,211 call options on the company. This is an increase of 1,556% compared to the typical daily volume of 2,610 call options.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM stock traded down $1.03 during mid-day trading on Wednesday, hitting $53.33. The company’s stock had a trading volume of 336,680 shares, compared to its average volume of 698,924. The company has a market cap of $1.71 billion, a PE ratio of 7.69 and a beta of 1.00. The company’s fifty day simple moving average is $57.99 and its 200-day simple moving average is $52.52. Sprott Uranium Miners ETF has a 52 week low of $27.60 and a 52 week high of $68.55.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its position in Sprott Uranium Miners ETF by 1.6% in the 1st quarter. Raymond James Financial Inc. now owns 94,577 shares of the company’s stock valued at $3,068,000 after acquiring an additional 1,451 shares in the last quarter. Sprott Inc. lifted its holdings in shares of Sprott Uranium Miners ETF by 6.3% in the first quarter. Sprott Inc. now owns 31,720 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,869 shares in the last quarter. Napa Wealth Management purchased a new position in shares of Sprott Uranium Miners ETF during the first quarter valued at approximately $477,000. Comerica Bank grew its holdings in Sprott Uranium Miners ETF by 50.1% during the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock worth $102,000 after buying an additional 1,053 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in Sprott Uranium Miners ETF by 2.7% in the 1st quarter. Rafferty Asset Management LLC now owns 26,263 shares of the company’s stock valued at $852,000 after buying an additional 685 shares during the last quarter.

Sprott Uranium Miners ETF Company Profile

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.