Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 52-Week Low – Time to Sell?

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

Sprott Uranium Miners ETF Stock Performance

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. The firm’s 50-day simple moving average is $40.95 and its 200-day simple moving average is $43.67.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of URNM. Clal Insurance Enterprises Holdings Ltd grew its position in Sprott Uranium Miners ETF by 145.4% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,227,000 shares of the company’s stock valued at $56,295,000 after purchasing an additional 727,000 shares in the last quarter. Garnet Equity Capital Holdings Inc. lifted its stake in shares of Sprott Uranium Miners ETF by 248.9% during the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 201,750 shares of the company’s stock worth $8,133,000 after buying an additional 337,233 shares during the last quarter. BFI Infinity Ltd. acquired a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth about $8,491,000. Crawford Fund Management LLC bought a new position in Sprott Uranium Miners ETF during the third quarter worth about $8,263,000. Finally, Lloyd Harbor Capital Management LLC increased its position in Sprott Uranium Miners ETF by 3,595.0% during the fourth quarter. Lloyd Harbor Capital Management LLC now owns 174,750 shares of the company’s stock worth $7,044,000 after acquiring an additional 179,750 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.