Stock Traders Purchase High Volume of Sprott Uranium Miners ETF Put Options (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of some unusual options trading on Thursday. Stock traders bought 3,846 put options on the company. This represents an increase of approximately 244% compared to the average daily volume of 1,119 put options.

Institutional Trading of Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading LLC bought a new position in Sprott Uranium Miners ETF during the 1st quarter worth approximately $36,523,000. Acorn Financial Advisory Services Inc. ADV bought a new stake in Sprott Uranium Miners ETF in the first quarter valued at approximately $13,258,000. Royal Bank of Canada raised its holdings in Sprott Uranium Miners ETF by 1.1% in the first quarter. Royal Bank of Canada now owns 121,836 shares of the company’s stock worth $7,695,000 after purchasing an additional 1,320 shares during the period. One Plus One Wealth Management LLC raised its holdings in Sprott Uranium Miners ETF by 53.3% in the first quarter. One Plus One Wealth Management LLC now owns 120,905 shares of the company’s stock worth $7,635,000 after purchasing an additional 42,062 shares during the period. Finally, Brandywine Financial Group bought a new position in shares of Sprott Uranium Miners ETF during the first quarter worth $7,053,000.

Sprott Uranium Miners ETF Stock Performance

NYSEARCA:URNM traded down $0.67 during mid-day trading on Thursday, hitting $47.20. The company had a trading volume of 143,739 shares, compared to its average volume of 751,920. Sprott Uranium Miners ETF has a fifty-two week low of $46.41 and a fifty-two week high of $84.95. The business’s fifty day moving average is $53.22 and its two-hundred day moving average is $56.96. The firm has a market cap of $1.82 billion, a P/E ratio of 7.69 and a beta of 1.09.

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.