Global X Uranium ETF (NYSEARCA:URA) Reaches New 12-Month Low – Here’s Why

Global X Uranium ETF (NYSEARCA:URA) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $31.34 and last traded at $31.2120, with a volume of 1,749,915 shares. The stock had previously closed at $32.70.

Global X Uranium ETF Trading Up 4.4%

The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 37.39 and a beta of 1.28. The stock has a fifty day moving average price of $39.35 and a 200 day moving average price of $46.56.

Institutional Investors Weigh In On Global X Uranium ETF

A number of large investors have recently added to or reduced their stakes in URA. Bank of America Corp DE grew its holdings in Global X Uranium ETF by 17.3% during the first quarter. Bank of America Corp DE now owns 6,432,719 shares of the company’s stock valued at $311,537,000 after purchasing an additional 947,320 shares during the last quarter. Group One Trading LLC lifted its stake in shares of Global X Uranium ETF by 226.7% in the first quarter. Group One Trading LLC now owns 1,751,918 shares of the company’s stock worth $84,845,000 after buying an additional 1,215,634 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Global X Uranium ETF by 3.8% during the 1st quarter. Royal Bank of Canada now owns 961,461 shares of the company’s stock worth $46,564,000 after buying an additional 34,912 shares during the period. Heartwood Wealth Advisors LLC boosted its holdings in shares of Global X Uranium ETF by 0.3% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 453,502 shares of the company’s stock worth $18,072,000 after buying an additional 1,484 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Global X Uranium ETF during the 3rd quarter worth $17,697,000.

Global X Uranium ETF Company Profile

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.