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 activity on Tuesday. Stock traders purchased 2,171 put options on the stock. This represents an increase of 59% compared to the average daily volume of 1,368 put options.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of hedge funds have recently added to or reduced their stakes in URNM. LFA Lugano Financial Advisors SA purchased a new stake in Sprott Uranium Miners ETF during the fourth quarter valued at approximately $37,000. US Bancorp DE raised its holdings in Sprott Uranium Miners ETF by 17.9% in 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 during the period. Spire Wealth Management purchased a new position in Sprott Uranium Miners ETF during the fourth quarter valued at $115,000. Natixis increased its position in Sprott Uranium Miners ETF by 21.5% in the fourth quarter. Natixis now owns 4,194 shares of the company’s stock worth $168,000 after buying an additional 741 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in shares of Sprott Uranium Miners ETF in the fourth quarter worth about $202,000.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM stock opened at $33.31 on Wednesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.86 and a beta of 1.11. Sprott Uranium Miners ETF has a one year low of $31.93 and a one year high of $60.17. The company’s 50-day moving average is $39.24 and its 200 day moving average is $43.12.

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.