Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading Up 3.8% – Should You Buy?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price was up 3.8% during mid-day trading on Friday . The stock traded as high as $47.34 and last traded at $47.03. Approximately 187,949 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 579,972 shares. The stock had previously closed at $45.33.

Sprott Uranium Miners ETF Price Performance

The stock has a fifty day moving average of $46.17 and a 200 day moving average of $47.95. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in URNM. Global Trust Asset Management LLC purchased a new stake in Sprott Uranium Miners ETF in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in Sprott Uranium Miners ETF in the third quarter valued at $65,000. International Assets Investment Management LLC acquired a new position in shares of Sprott Uranium Miners ETF in the second quarter worth about $89,000. ORG Partners LLC purchased a new stake in shares of Sprott Uranium Miners ETF during the 2nd quarter worth about $132,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Sprott Uranium Miners ETF in the 3rd quarter worth about $209,000.

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.