Global X Uranium ETF (NYSEARCA:URA) Hits New 52-Week Low – Should You Sell?

Global X Uranium ETF (NYSEARCA:URA)’s stock price reached a new 52-week low on Thursday. The company traded as low as $34.16 and last traded at $34.1940, with a volume of 1,382,675 shares. The stock had previously closed at $35.55.

Global X Uranium ETF Trading Up 0.1%

The company has a market capitalization of $4.78 billion, a P/E ratio of 37.39 and a beta of 1.27. The firm’s 50 day moving average price is $41.79 and its two-hundred day moving average price is $45.43.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in URA. Ascentis Independent Advisors bought a new stake in Global X Uranium ETF during the first quarter worth $25,000. Manchester Capital Management LLC bought a new position in shares of Global X Uranium ETF in the 3rd quarter valued at about $26,000. Highland Investment Advisors LLC bought a new position in shares of Global X Uranium ETF in the 2nd quarter valued at about $34,000. Blue Trust Inc. increased its stake in shares of Global X Uranium ETF by 233.3% during the 1st quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock worth $48,000 after purchasing an additional 700 shares during the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Global X Uranium ETF during the 1st quarter worth about $48,000.

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.