Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 52-Week Low – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price hit a new 52-week low on Thursday. The stock traded as low as $41.35 and last traded at $41.5210, with a volume of 388,156 shares traded. The stock had previously closed at $43.73.

Sprott Uranium Miners ETF Price Performance

The firm has a fifty day moving average of $51.53 and a 200 day moving average of $55.77. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 7.69 and a beta of 1.09.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in Sprott Uranium Miners ETF by 1.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock worth $867,000 after buying an additional 220 shares during the last quarter. Rathbones Group PLC raised its position in shares of Sprott Uranium Miners ETF by 5.4% in the first quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock valued at $294,000 after buying an additional 240 shares during the last quarter. Seelaus Asset Management LLC boosted its position in Sprott Uranium Miners ETF by 2.5% during the third quarter. Seelaus Asset Management LLC now owns 11,978 shares of the company’s stock worth $568,000 after acquiring an additional 296 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Sprott Uranium Miners ETF by 157.8% in the 1st quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after acquiring an additional 325 shares during the last quarter. Finally, Menlo Advisors LLC raised its holdings in Sprott Uranium Miners ETF by 0.4% in the 2nd quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock valued at $4,558,000 after acquiring an additional 370 shares during the last quarter.

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.