Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 52-Week Low – What’s Next?

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) reached a new 52-week low during trading on Monday . The company traded as low as $31.62 and last traded at $32.35, with a volume of 82032 shares. The stock had previously closed at $32.46.

Sprott Uranium Miners ETF Trading Up 0.2 %

The firm has a market capitalization of $1.22 billion, a PE ratio of 6.67 and a beta of 1.17. The firm has a 50-day moving average of $36.95 and a two-hundred day moving average of $42.44.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Sprott Uranium Miners ETF by 1.4% in the third quarter. HighTower Advisors LLC now owns 180,865 shares of the company’s stock worth $8,295,000 after acquiring an additional 2,570 shares in the last quarter. National Bank of Canada FI boosted its position in Sprott Uranium Miners ETF by 66.8% during the 3rd quarter. National Bank of Canada FI now owns 7,378 shares of the company’s stock worth $339,000 after purchasing an additional 2,956 shares during the period. Menlo Advisors LLC increased its holdings in Sprott Uranium Miners ETF by 2.2% in the 3rd quarter. Menlo Advisors LLC now owns 89,564 shares of the company’s stock valued at $4,109,000 after purchasing an additional 1,965 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Sprott Uranium Miners ETF by 4.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 21,130 shares of the company’s stock valued at $852,000 after purchasing an additional 855 shares during the period. Finally, Financial Enhancement Group LLC raised its position in Sprott Uranium Miners ETF by 47.3% in the fourth quarter. Financial Enhancement Group LLC now owns 71,856 shares of the company’s stock valued at $2,919,000 after purchasing an additional 23,075 shares during the period.

About Sprott Uranium Miners ETF

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.