Sprott Uranium Miners ETF (NYSEARCA:URNM) Sees Unusually-High Trading Volume – Here’s Why

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) saw strong trading volume on Monday . 1,224,193 shares were traded during trading, an increase of 17% from the previous session’s volume of 1,045,903 shares.The stock last traded at $75.2610 and had previously closed at $75.95.

Sprott Uranium Miners ETF Stock Performance

The company has a market cap of $2.76 billion, a P/E ratio of 7.69 and a beta of 1.00. The business’s 50-day moving average price is $60.75 and its 200 day moving average price is $56.50.

Sprott Uranium Miners ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a $1.7432 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 339.0%.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several large investors have recently modified their holdings of the stock. Fortitude Family Office LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new position in Sprott Uranium Miners ETF during the 2nd quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Sprott Uranium Miners ETF by 865.4% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock worth $30,000 after buying an additional 450 shares in the last quarter. Glassman Wealth Services acquired a new stake in shares of Sprott Uranium Miners ETF during the second quarter worth $32,000. Finally, Fifth Third Bancorp bought a new stake in shares of Sprott Uranium Miners ETF in the third quarter valued at about $33,000.

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.