Short Interest in Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Increases By 29.3%

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,170,000 shares, a growth of 29.3% from the February 13th total of 904,800 shares. Based on an average daily trading volume, of 380,700 shares, the short-interest ratio is presently 3.1 days. Approximately 8.9% of the company’s shares are sold short.

Sprott Junior Uranium Miners ETF Price Performance

Shares of URNJ opened at $15.37 on Tuesday. The company’s 50 day simple moving average is $18.06 and its 200 day simple moving average is $20.47. Sprott Junior Uranium Miners ETF has a 1 year low of $13.67 and a 1 year high of $31.30.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of URNJ. Southport Management L.L.C. purchased a new position in shares of Sprott Junior Uranium Miners ETF during the fourth quarter valued at approximately $279,000. Advisory Services Network LLC lifted its stake in shares of Sprott Junior Uranium Miners ETF by 46.7% during the fourth quarter. Advisory Services Network LLC now owns 16,617 shares of the company’s stock valued at $309,000 after buying an additional 5,292 shares during the period. Millennium Management LLC purchased a new position in shares of Sprott Junior Uranium Miners ETF during the fourth quarter valued at approximately $381,000. Cetera Investment Advisers increased its position in Sprott Junior Uranium Miners ETF by 9.4% during the fourth quarter. Cetera Investment Advisers now owns 27,117 shares of the company’s stock worth $504,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Rathbones Group PLC increased its position in Sprott Junior Uranium Miners ETF by 22.9% during the fourth quarter. Rathbones Group PLC now owns 43,575 shares of the company’s stock worth $810,000 after purchasing an additional 8,115 shares during the last quarter.

About Sprott Junior Uranium Miners ETF

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.