Global X Uranium ETF (NYSEARCA:URA) Reaches New 12-Month Low – Should You Sell?

Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low on Monday . The stock traded as low as $22.78 and last traded at $22.85, with a volume of 3013220 shares changing hands. The stock had previously closed at $23.94.

Global X Uranium ETF Trading Down 3.5 %

The stock has a market capitalization of $2.81 billion, a P/E ratio of 20.35 and a beta of 1.00. The business has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $28.66.

Hedge Funds Weigh In On Global X Uranium ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. HM Payson & Co. bought a new stake in Global X Uranium ETF during the fourth quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Global X Uranium ETF during the 4th quarter worth $27,000. Private Trust Co. NA boosted its stake in Global X Uranium ETF by 133.2% in the fourth quarter. Private Trust Co. NA now owns 1,280 shares of the company’s stock valued at $34,000 after buying an additional 731 shares in the last quarter. Allworth Financial LP boosted its stake in Global X Uranium ETF by 304.2% in the fourth quarter. Allworth Financial LP now owns 1,342 shares of the company’s stock valued at $36,000 after buying an additional 1,010 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Global X Uranium ETF by 88.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,485 shares of the company’s stock valued at $41,000 after acquiring an additional 697 shares during the last quarter.

About Global X Uranium ETF

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.