Sprott Uranium Miners ETF (NYSEARCA:URNM) Sets New 1-Year Low – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $40.20 and last traded at $40.4940, with a volume of 353,969 shares trading hands. The stock had previously closed at $41.32.

Sprott Uranium Miners ETF Price Performance

The company’s 50 day moving average is $48.40 and its two-hundred day moving average is $58.42. The firm has a market cap of $1.69 billion, a P/E ratio of 7.69 and a beta of 1.07.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors have recently bought and sold shares of the business. Everest Financial Group LLC bought a new position in shares of Sprott Uranium Miners ETF during the 3rd quarter worth approximately $1,117,000. Fifth Third Bancorp grew its position in Sprott Uranium Miners ETF by 19.5% in the third quarter. Fifth Third Bancorp now owns 3,701 shares of the company’s stock valued at $176,000 after acquiring an additional 605 shares during the period. Ethic Inc. bought a new stake in Sprott Uranium Miners ETF in the third quarter valued at $2,431,000. 180 Wealth Advisors LLC raised its stake in Sprott Uranium Miners ETF by 10.8% during the third quarter. 180 Wealth Advisors LLC now owns 38,121 shares of the company’s stock worth $1,809,000 after acquiring an additional 3,713 shares in the last quarter. Finally, Privium Fund Management B.V. acquired a new position in Sprott Uranium Miners ETF during the third quarter worth $388,000.

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.