Sprott Uranium Miners ETF Target of Unusually Large Options Trading (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the recipient of some unusual options trading on Monday. Stock traders bought 7,250 call options on the stock. This represents an increase of approximately 433% compared to the average volume of 1,359 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URNM. LFA Lugano Financial Advisors SA acquired a new position in Sprott Uranium Miners ETF in the 4th quarter valued at $37,000. US Bancorp DE grew 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 purchasing an additional 358 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth $115,000. Natixis grew its holdings in shares of Sprott Uranium Miners ETF by 21.5% during the 4th quarter. Natixis now owns 4,194 shares of the company’s stock worth $168,000 after purchasing an additional 741 shares in the last quarter. Finally, Scotia Capital Inc. acquired a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth $202,000.

Sprott Uranium Miners ETF Stock Performance

NYSEARCA URNM traded up $1.01 during trading on Monday, hitting $34.37. The stock had a trading volume of 196,994 shares, compared to its average volume of 549,676. Sprott Uranium Miners ETF has a 12 month low of $31.93 and a 12 month high of $60.17. The company has a market capitalization of $1.26 billion, a PE ratio of 6.85 and a beta of 1.14. The company’s 50-day moving average price is $38.71 and its two-hundred day moving average price is $42.92.

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.