Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 1-Year Low – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM) hit a new 52-week low during trading on Friday. The stock traded as low as $38.96 and last traded at $39.0720, with a volume of 272,783 shares. The stock had previously closed at $40.27.

Sprott Uranium Miners ETF Price Performance

The stock has a market cap of $1.64 billion, a P/E ratio of 31.22 and a beta of 1.07. The business’s fifty day moving average price is $46.91 and its 200 day moving average price is $57.62.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC increased its position in Sprott Uranium Miners ETF by 19.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 144,904 shares of the company’s stock worth $6,877,000 after purchasing an additional 23,300 shares in the last quarter. Oceanic Investment Management LTD lifted its stake in Sprott Uranium Miners ETF by 33.6% in the 3rd quarter. Oceanic Investment Management LTD now owns 23,801 shares of the company’s stock valued at $1,130,000 after purchasing an additional 5,982 shares during the last quarter. PCG Wealth Advisors LLC acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at approximately $268,000. FreeGulliver LLC acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at approximately $456,000. Finally, Cibc World Market Inc. acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at approximately $223,000.

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.