Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 1-Year Low – What’s Next?

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $36.78 and last traded at $36.84, with a volume of 166120 shares. The stock had previously closed at $37.54.

Sprott Uranium Miners ETF Price Performance

The firm has a market capitalization of $1.18 billion, a P/E ratio of 27.29 and a beta of 1.02. The company’s 50 day moving average price is $40.81 and its 200 day moving average price is $43.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rafferty Asset Management LLC raised its position in shares of Sprott Uranium Miners ETF by 119.6% during the fourth quarter. Rafferty Asset Management LLC now owns 25,578 shares of the company’s stock worth $1,031,000 after acquiring an additional 13,932 shares during the last quarter. Lloyd Harbor Capital Management LLC increased its position in Sprott Uranium Miners ETF by 3,595.0% in the fourth quarter. Lloyd Harbor Capital Management LLC now owns 174,750 shares of the company’s stock worth $7,044,000 after purchasing an additional 179,750 shares during the period. Glenorchy Capital Ltd raised its holdings in Sprott Uranium Miners ETF by 2.1% during the 4th quarter. Glenorchy Capital Ltd now owns 242,749 shares of the company’s stock worth $9,785,000 after purchasing an additional 4,900 shares during the last quarter. Captrust Financial Advisors acquired a new position in Sprott Uranium Miners ETF during the 4th quarter valued at about $227,000. Finally, Bank of America Corp DE boosted its stake in shares of Sprott Uranium Miners ETF by 87.5% in the 4th quarter. Bank of America Corp DE now owns 223,817 shares of the company’s stock valued at $9,022,000 after purchasing an additional 104,461 shares during the last quarter.

Sprott Uranium Miners ETF Company Profile

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.