Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading Up 3.4%

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares traded up 3.4% during trading on Tuesday . The stock traded as high as $47.57 and last traded at $47.43. 60,634 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 590,907 shares. The stock had previously closed at $45.88.

Sprott Uranium Miners ETF Trading Up 1.5 %

The company has a 50-day moving average price of $42.15 and a 200 day moving average price of $48.51. The stock has a market capitalization of $1.52 billion, a P/E ratio of 27.29 and a beta of 1.02.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Sprott Uranium Miners ETF in the first quarter valued at $34,000. International Assets Investment Management LLC purchased a new stake in Sprott Uranium Miners ETF in the 2nd quarter valued at approximately $89,000. ORG Partners LLC acquired a new position in Sprott Uranium Miners ETF in the 2nd quarter valued at $132,000. MONECO Advisors LLC acquired a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter worth $213,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Sprott Uranium Miners ETF in the 2nd quarter valued at $222,000.

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.