Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Unusually-High Trading Volume – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares saw strong trading volume on Thursday . 1,605,386 shares were traded during trading, an increase of 166% from the previous session’s volume of 602,784 shares.The stock last traded at $39.92 and had previously closed at $41.04.

Sprott Uranium Miners ETF Price Performance

The company has a fifty day moving average price of $42.68 and a two-hundred day moving average price of $44.11. The company has a market capitalization of $1.30 billion, a P/E ratio of 27.29 and a beta of 1.02.

Institutional Trading of Sprott Uranium Miners ETF

Several institutional investors have recently modified their holdings of the business. Global Trust Asset Management LLC bought a new position in Sprott Uranium Miners ETF during the third quarter worth $28,000. Capital Performance Advisors LLP bought a new position in shares of Sprott Uranium Miners ETF in the 3rd quarter worth about $65,000. US Bancorp DE lifted its stake in shares of Sprott Uranium Miners ETF by 17.9% in the 4th quarter. US Bancorp DE now owns 2,358 shares of the company’s stock valued at $95,000 after purchasing an additional 358 shares during the period. Spire Wealth Management bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter valued at about $115,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in Sprott Uranium Miners ETF during the third quarter worth approximately $209,000.

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.