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

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $31.93 and last traded at $33.52, with a volume of 846427 shares. The stock had previously closed at $32.66.

Sprott Uranium Miners ETF Price Performance

The company’s 50-day moving average is $39.68 and its 200-day moving average is $43.26. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.86 and a beta of 1.11.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Hedge funds have recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new stake in shares of Sprott Uranium Miners ETF in the fourth quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth approximately $65,000. US Bancorp DE boosted its position in shares of Sprott Uranium Miners ETF by 17.9% in the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock worth $95,000 after acquiring an additional 358 shares during the last quarter. Spire Wealth Management purchased a new stake in Sprott Uranium Miners ETF during the fourth quarter worth approximately $115,000. Finally, Natixis grew its stake in Sprott Uranium Miners ETF by 21.5% during the fourth quarter. Natixis now owns 4,194 shares of the company’s stock worth $168,000 after buying an additional 741 shares during the period.

Sprott Uranium Miners ETF Company Profile

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.