Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Unusually-High Trading Volume – What’s Next?

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares saw strong trading volume on Thursday . 1,605,386 shares changed hands during mid-day 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 Stock Performance

The stock has a market cap of $1.32 billion, a PE ratio of 27.29 and a beta of 1.02. The stock’s 50-day moving average is $42.39 and its two-hundred day moving average is $44.04.

Institutional Trading of Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in Sprott Uranium Miners ETF by 8,026.4% during the 3rd quarter. International Assets Investment Management LLC now owns 146,357 shares of the company’s stock worth $6,715,000 after purchasing an additional 144,556 shares during the period. HighTower Advisors LLC increased its stake in shares of Sprott Uranium Miners ETF by 1.4% during the third quarter. HighTower Advisors LLC now owns 180,865 shares of the company’s stock worth $8,295,000 after buying an additional 2,570 shares during the period. Creative Planning raised its holdings in Sprott Uranium Miners ETF by 25.7% in the third quarter. Creative Planning now owns 23,455 shares of the company’s stock valued at $1,076,000 after acquiring an additional 4,794 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sprott Uranium Miners ETF by 40.5% in the third quarter. Janney Montgomery Scott LLC now owns 24,909 shares of the company’s stock worth $1,143,000 after acquiring an additional 7,186 shares during the last quarter. Finally, Petra Financial Advisors Inc. grew its holdings in Sprott Uranium Miners ETF by 0.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 32,896 shares of the company’s stock worth $1,509,000 after acquiring an additional 213 shares in the last quarter.

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.