Sprott Uranium Miners ETF (NYSEARCA:URNM) Short Interest Down 51.1% in June

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 502,324 shares, a drop of 51.1% from the June 15th total of 1,026,729 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 452,024 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Knuff & Co LLC bought a new stake in shares of Sprott Uranium Miners ETF in the fourth quarter valued at about $31,000. Longview Financial Advisors Inc. acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at approximately $32,000. Sunbelt Securities Inc. raised its holdings in shares of Sprott Uranium Miners ETF by 157.8% in the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after purchasing an additional 325 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Sprott Uranium Miners ETF in the first quarter worth $34,000. Finally, Main Street Group LTD bought a new stake in shares of Sprott Uranium Miners ETF in the first quarter worth $44,000.

Sprott Uranium Miners ETF Stock Down 1.4%

Shares of URNM traded down $0.71 during trading hours on Wednesday, reaching $50.88. The stock had a trading volume of 342,388 shares, compared to its average volume of 836,792. Sprott Uranium Miners ETF has a 52 week low of $43.10 and a 52 week high of $84.95. The firm has a 50-day moving average of $57.11 and a 200 day moving average of $63.62. The company has a market cap of $1.84 billion, a P/E ratio of 7.69 and a beta of 0.91.

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.