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

Shares of Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low on Monday . The company traded as low as $22.47 and last traded at $22.90, with a volume of 871449 shares. The stock had previously closed at $23.10.

Global X Uranium ETF Stock Performance

The stock’s fifty day moving average price is $26.47 and its 200-day moving average price is $28.56. The firm has a market cap of $2.67 billion, a PE ratio of 18.50 and a beta of 1.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of URA. Wealth Enhancement Advisory Services LLC lifted its position in Global X Uranium ETF by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 231,523 shares of the company’s stock worth $6,200,000 after acquiring an additional 2,714 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Global X Uranium ETF during the fourth quarter worth about $376,000. Copia Wealth Management acquired a new stake in shares of Global X Uranium ETF during the 4th quarter worth approximately $89,000. Ameriflex Group Inc. acquired a new stake in Global X Uranium ETF in the fourth quarter worth $52,000. Finally, Formidable Asset Management LLC lifted its position in Global X Uranium ETF by 22.6% in the 4th quarter. Formidable Asset Management LLC now owns 38,941 shares of the company’s stock valued at $1,043,000 after purchasing an additional 7,174 shares during 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.