Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 52-Week Low – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $31.62 and last traded at $32.35, with a volume of 82032 shares. The stock had previously closed at $32.46.

Sprott Uranium Miners ETF Trading Down 0.9 %

The stock has a market cap of $1.18 billion, a P/E ratio of 6.85 and a beta of 1.14. The stock has a 50 day simple moving average of $37.34 and a 200 day simple moving average of $42.56.

Institutional Trading of Sprott Uranium Miners ETF

Large investors have recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in Sprott Uranium Miners ETF during the fourth quarter valued at approximately $37,000. US Bancorp DE raised its holdings in shares of Sprott Uranium Miners ETF by 17.9% during the 4th quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after buying an additional 358 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth $115,000. Natixis boosted its stake in Sprott Uranium Miners ETF by 21.5% in the fourth quarter. Natixis now owns 4,194 shares of the company’s stock valued at $168,000 after buying an additional 741 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in Sprott Uranium Miners ETF in the fourth quarter valued at about $202,000.

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.