Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Sees Significant Growth in Short Interest

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 860,882 shares, a growth of 60.5% from the July 30th total of 536,367 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 287,287 shares, the short-interest ratio is currently 3.0 days.

Sprott Junior Uranium Miners ETF Stock Down 4.3%

Shares of Sprott Junior Uranium Miners ETF stock opened at $24.78 on Wednesday. The stock’s fifty day moving average is $23.74 and its 200 day moving average is $27.66. Sprott Junior Uranium Miners ETF has a one year low of $20.60 and a one year high of $40.81.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Several institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in Sprott Junior Uranium Miners ETF during the second quarter valued at approximately $32,000. Allied Private Wealth LLC bought a new position in Sprott Junior Uranium Miners ETF in the second quarter worth approximately $39,000. Raymond James Financial Inc. bought a new position in Sprott Junior Uranium Miners ETF in the second quarter worth approximately $55,000. Simplex Trading LLC purchased a new stake in Sprott Junior Uranium Miners ETF during the fourth quarter worth $74,000. Finally, Group One Trading LLC bought a new stake in Sprott Junior Uranium Miners ETF during the 4th quarter valued at $79,000.

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. URNJ was launched on Dec 3, 2019 and is managed by Sprott.