Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 39,166 call options on the company. This represents an increase of 2,897% compared to the average daily volume of 1,307 call options.
Sprott Uranium Miners ETF Stock Performance
Shares of Sprott Uranium Miners ETF stock traded up $0.72 on Wednesday, reaching $42.50. The company had a trading volume of 259,541 shares, compared to its average volume of 768,494. The firm’s 50 day moving average price is $47.45 and its two-hundred day moving average price is $57.95. Sprott Uranium Miners ETF has a 52-week low of $39.04 and a 52-week high of $84.95. The firm has a market cap of $1.74 billion, a PE ratio of 7.69 and a beta of 1.07.
Institutional Trading of Sprott Uranium Miners ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in URNM. Sunbelt Securities Inc. lifted its stake in Sprott Uranium Miners ETF by 157.8% during the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after purchasing an additional 325 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the 1st quarter valued at $34,000. GK Wealth Management LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the 3rd quarter valued at $32,000. Main Street Group LTD acquired a new position in Sprott Uranium Miners ETF during the 1st quarter worth about $44,000. Finally, Western Wealth Management LLC acquired a new position in Sprott Uranium Miners ETF during the 1st quarter worth about $90,000.
About Sprott Uranium Miners ETF
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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