Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Trading Down 4.2% – Should You Sell?

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) shares dropped 4.2% on Monday . The company traded as low as $13.71 and last traded at $13.99. Approximately 1,572,874 shares changed hands during mid-day trading, an increase of 234% from the average daily volume of 470,435 shares. The stock had previously closed at $14.61.

Sprott Junior Uranium Miners ETF Price Performance

The stock’s 50-day simple moving average is $18.60 and its two-hundred day simple moving average is $20.67.

Sprott Junior Uranium Miners ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a dividend of $0.805 per share. The ex-dividend date of this dividend was Thursday, December 12th.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Southport Management L.L.C. purchased a new stake in Sprott Junior Uranium Miners ETF during the fourth quarter valued at $279,000. Advisory Services Network LLC raised its stake in shares of Sprott Junior Uranium Miners ETF by 46.7% in the fourth quarter. Advisory Services Network LLC now owns 16,617 shares of the company’s stock valued at $309,000 after acquiring an additional 5,292 shares during the period. Millennium Management LLC purchased a new stake in shares of Sprott Junior Uranium Miners ETF in the fourth quarter valued at $381,000. Cetera Investment Advisers grew its holdings in shares of Sprott Junior Uranium Miners ETF by 9.4% in the fourth quarter. Cetera Investment Advisers now owns 27,117 shares of the company’s stock worth $504,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of Sprott Junior Uranium Miners ETF by 22.9% in the fourth quarter. Rathbones Group PLC now owns 43,575 shares of the company’s stock worth $810,000 after purchasing an additional 8,115 shares during the last quarter.

Sprott Junior Uranium Miners ETF Company Profile

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.