Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Sees Significant Decline in Short Interest

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 341,627 shares, a drop of 45.9% from the April 15th total of 632,011 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 272,780 shares, the short-interest ratio is presently 1.3 days.

Sprott Junior Uranium Miners ETF Stock Down 4.5%

URNJ opened at $27.68 on Friday. The stock’s 50 day moving average price is $30.39 and its 200-day moving average price is $29.89. Sprott Junior Uranium Miners ETF has a one year low of $15.54 and a one year high of $40.81.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Hedge funds have recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new stake in shares of Sprott Junior Uranium Miners ETF during the fourth quarter worth $6,404,000. Group One Trading LLC increased its stake in Sprott Junior Uranium Miners ETF by 103.2% in the 2nd quarter. Group One Trading LLC now owns 6,531 shares of the company’s stock worth $138,000 after buying an additional 210,022 shares during the period. Banco BTG Pactual S.A. purchased a new position in Sprott Junior Uranium Miners ETF in the 4th quarter worth about $3,926,000. One Plus One Wealth Management LLC lifted its holdings in Sprott Junior Uranium Miners ETF by 132.6% during the 1st quarter. One Plus One Wealth Management LLC now owns 154,822 shares of the company’s stock valued at $4,535,000 after buying an additional 88,256 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Sprott Junior Uranium Miners ETF in the 4th quarter valued at about $1,184,000.

About Sprott Junior Uranium Miners ETF

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. URNJ was launched on Dec 3, 2019 and is managed by Sprott.