Sprott Uranium Miners ETF (NYSEARCA:URNM) Stock Sees Heavy Call Option Buying

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw some unusual options trading activity on Wednesday. Stock traders acquired 39,166 call options on the company. This represents an increase of approximately 2,897% compared to the typical daily volume of 1,307 call options.

Sprott Uranium Miners ETF Stock Performance

Shares of Sprott Uranium Miners ETF stock opened at $42.40 on Thursday. The company has a market capitalization of $1.74 billion, a P/E ratio of 7.69 and a beta of 1.07. The company has a fifty day moving average of $47.20 and a 200 day moving average of $57.78. Sprott Uranium Miners ETF has a fifty-two week low of $39.04 and a fifty-two week high of $84.95.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in shares of Sprott Uranium Miners ETF by 157.8% during the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after purchasing an additional 325 shares in the last quarter. Waverly Advisors LLC purchased a new position in Sprott Uranium Miners ETF in the 1st quarter worth approximately $34,000. GK Wealth Management LLC bought a new position in Sprott Uranium Miners ETF in the 3rd quarter worth approximately $32,000. Main Street Group LTD bought a new position in Sprott Uranium Miners ETF in the 1st quarter worth approximately $44,000. Finally, Western Wealth Management LLC bought a new position in Sprott Uranium Miners ETF in the 1st quarter worth approximately $90,000.

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.