Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Stock Price Down 4.7% – Here’s What Happened

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) dropped 4.7% during mid-day trading on Thursday . The stock traded as low as $21.55 and last traded at $21.73. Approximately 235,164 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 433,165 shares. The stock had previously closed at $22.81.

Sprott Junior Uranium Miners ETF Trading Down 1.1%

The business has a 50-day simple moving average of $25.52 and a 200 day simple moving average of $29.43.

Institutional Trading of Sprott Junior Uranium Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC lifted its stake in shares of Sprott Junior Uranium Miners ETF by 2.6% in the 1st quarter. IMC Chicago LLC now owns 15,972 shares of the company’s stock valued at $468,000 after purchasing an additional 411 shares during the period. NewEdge Advisors LLC grew its stake in Sprott Junior Uranium Miners ETF by 1.3% in the first quarter. NewEdge Advisors LLC now owns 51,952 shares of the company’s stock worth $746,000 after purchasing an additional 675 shares during the period. Tactive Advisors LLC raised its holdings in Sprott Junior Uranium Miners ETF by 5.4% in the second quarter. Tactive Advisors LLC now owns 32,880 shares of the company’s stock worth $764,000 after purchasing an additional 1,685 shares in the last quarter. Allied Private Wealth LLC purchased a new position in Sprott Junior Uranium Miners ETF during the second quarter valued at $39,000. Finally, Raymond James Financial Inc. purchased a new position in Sprott Junior Uranium Miners ETF during the second quarter valued at $55,000.

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. URNJ was launched on Dec 3, 2019 and is managed by Sprott.