Global X Uranium ETF (NYSEARCA:URA) Hits New 52-Week Low – Here’s Why

Shares of Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $22.78 and last traded at $22.85, with a volume of 3013220 shares. The stock had previously closed at $23.94.

Global X Uranium ETF Stock Up 0.8 %

The stock has a fifty day simple moving average of $27.36 and a 200 day simple moving average of $28.62. The firm has a market capitalization of $2.90 billion, a P/E ratio of 20.35 and a beta of 1.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in URA. Keudell Morrison Wealth Management raised its position in shares of Global X Uranium ETF by 4.0% during the fourth quarter. Keudell Morrison Wealth Management now owns 10,115 shares of the company’s stock valued at $271,000 after buying an additional 386 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in Global X Uranium ETF by 0.5% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 102,976 shares of the company’s stock valued at $2,763,000 after acquiring an additional 498 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Global X Uranium ETF by 6.8% in the 3rd quarter. Moors & Cabot Inc. now owns 7,850 shares of the company’s stock worth $225,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Global X Uranium ETF by 1.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,213 shares of the company’s stock valued at $950,000 after purchasing an additional 535 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership grew its position in shares of Global X Uranium ETF by 5.3% during the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 13,449 shares of the company’s stock valued at $372,000 after purchasing an additional 682 shares in the last quarter.

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.