Sprott Uranium Miners ETF (NYSEARCA:URNM) Stock Price Up 3.8% – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares shot up 3.8% during trading on Friday . The stock traded as high as $47.34 and last traded at $47.03. 187,949 shares were traded during mid-day trading, a decline of 68% from the average session volume of 579,972 shares. The stock had previously closed at $45.33.

Sprott Uranium Miners ETF Stock Performance

The business’s 50 day moving average is $46.34 and its two-hundred day moving average is $47.89. The firm has a market capitalization of $1.49 billion, a PE ratio of 27.29 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Sprott Uranium Miners ETF by 145.4% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,227,000 shares of the company’s stock valued at $56,295,000 after purchasing an additional 727,000 shares during the period. Rokos Capital Management LLP purchased a new stake in shares of Sprott Uranium Miners ETF in the first quarter worth $18,121,000. Crawford Fund Management LLC bought a new stake in Sprott Uranium Miners ETF during the third quarter valued at $8,263,000. International Assets Investment Management LLC grew its position in Sprott Uranium Miners ETF by 8,026.4% during the third quarter. International Assets Investment Management LLC now owns 146,357 shares of the company’s stock worth $6,715,000 after buying an additional 144,556 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in Sprott Uranium Miners ETF in the 3rd quarter worth about $5,037,000.

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.