Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.04 and traded as high as $24.25. Sprott Junior Uranium Miners ETF shares last traded at $23.29, with a volume of 134,692 shares.

Sprott Junior Uranium Miners ETF Trading Down 3.6 %

The company has a fifty day moving average price of $23.12 and a 200-day moving average price of $23.21.

Institutional Investors Weigh In On Sprott Junior Uranium Miners ETF

A number of hedge funds have recently bought and sold shares of URNJ. HTLF Bank increased its holdings in shares of Sprott Junior Uranium Miners ETF by 49.5% in the 2nd quarter. HTLF Bank now owns 52,150 shares of the company’s stock worth $1,247,000 after buying an additional 17,270 shares during the last quarter. National Bank of Canada FI increased its stake in Sprott Junior Uranium Miners ETF by 18.8% during the second quarter. National Bank of Canada FI now owns 25,338 shares of the company’s stock worth $604,000 after acquiring an additional 4,017 shares during the last quarter. Rathbones Group PLC raised its position in Sprott Junior Uranium Miners ETF by 2.7% during the second quarter. Rathbones Group PLC now owns 38,260 shares of the company’s stock valued at $915,000 after purchasing an additional 1,000 shares during the period. Finally, Bridgewater Associates LP lifted its stake in shares of Sprott Junior Uranium Miners ETF by 10.4% in the 3rd quarter. Bridgewater Associates LP now owns 71,514 shares of the company’s stock valued at $1,578,000 after purchasing an additional 6,755 shares during the last quarter.

About Sprott Junior Uranium Miners ETF

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.