Global X Uranium ETF (NYSEARCA:URA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Global X Uranium ETF (NYSEARCA:URA) saw strong trading volume on Tuesday . 5,467,951 shares traded hands during trading, an increase of 93% from the previous session’s volume of 2,828,927 shares.The stock last traded at $24.97 and had previously closed at $25.66.

Global X Uranium ETF Trading Down 2.0 %

The company has a market capitalization of $2.68 billion, a P/E ratio of 22.45 and a beta of 1.08. The company’s fifty day moving average is $28.14 and its 200 day moving average is $28.71.

Hedge Funds Weigh In On Global X Uranium ETF

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Global X Uranium ETF by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,385,864 shares of the company’s stock valued at $382,970,000 after buying an additional 4,512,560 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Global X Uranium ETF by 356.1% during the fourth quarter. Marshall Wace LLP now owns 1,290,871 shares of the company’s stock valued at $34,570,000 after acquiring an additional 1,007,853 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Global X Uranium ETF by 2,106.1% in the third quarter. Benjamin Edwards Inc. now owns 968,228 shares of the company’s stock worth $27,700,000 after buying an additional 924,340 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Global X Uranium ETF by 742.7% during the third quarter. BNP Paribas Financial Markets now owns 927,922 shares of the company’s stock valued at $26,548,000 after purchasing an additional 817,807 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Global X Uranium ETF by 81.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,728,901 shares of the company’s stock valued at $46,300,000 after purchasing an additional 777,767 shares during the last quarter.

Global X Uranium ETF Company Profile

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.