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

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 860,882 shares, an increase of 60.5% from the July 30th total of 536,367 shares. Based on an average daily volume of 287,287 shares, the days-to-cover ratio is presently 3.0 days. Currently, 5.9% of the shares of the company are sold short.

Sprott Junior Uranium Miners ETF Price Performance

Shares of URNJ stock traded up $0.23 during mid-day trading on Monday, reaching $25.86. The stock had a trading volume of 74,192 shares, compared to its average volume of 408,178. Sprott Junior Uranium Miners ETF has a one year low of $20.60 and a one year high of $40.81. The firm’s 50 day simple moving average is $23.72 and its 200 day simple moving average is $27.77.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

A number of hedge funds have recently modified their holdings of URNJ. Kingsview Wealth Management LLC bought a new stake in shares of Sprott Junior Uranium Miners ETF during the 4th quarter valued at $6,404,000. One Plus One Wealth Management LLC raised its position in shares of Sprott Junior Uranium Miners ETF by 132.6% during the first quarter. One Plus One Wealth Management LLC now owns 154,822 shares of the company’s stock worth $4,535,000 after purchasing an additional 88,256 shares during the period. Banco BTG Pactual S.A. bought a new position in Sprott Junior Uranium Miners ETF in the fourth quarter valued at approximately $3,926,000. Royal Bank of Canada lifted its position in Sprott Junior Uranium Miners ETF by 3,535.2% in the 1st quarter. Royal Bank of Canada now owns 31,990 shares of the company’s stock valued at $937,000 after acquiring an additional 31,110 shares in the last quarter. Finally, WIT Partners Advisory Pte. Ltd. lifted its holdings in shares of Sprott Junior Uranium Miners ETF by 44.5% in the second quarter. WIT Partners Advisory Pte. Ltd. now owns 58,150 shares of the company’s stock valued at $1,351,000 after purchasing an additional 17,900 shares in the last quarter.

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.