Sprott Uranium Miners ETF Sees Unusually Large Options Volume (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw unusually large options trading activity on Tuesday. Stock investors purchased 2,171 put options on the stock. This represents an increase of approximately 59% compared to the average daily volume of 1,368 put options.

Sprott Uranium Miners ETF Stock Performance

URNM traded down $0.30 on Tuesday, reaching $32.11. The company had a trading volume of 90,531 shares, compared to its average volume of 553,096. Sprott Uranium Miners ETF has a 52-week low of $31.93 and a 52-week high of $60.17. The business has a 50 day simple moving average of $39.38 and a 200 day simple moving average of $43.19. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 7.86 and a beta of 1.11.

Institutional Inflows and Outflows

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

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.