Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Short Interest Up 83.4% in May

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 726,648 shares, an increase of 83.4% from the May 14th total of 396,238 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 280,400 shares, the days-to-cover ratio is currently 2.6 days.

Sprott Junior Uranium Miners ETF Trading Up 8.0%

Shares of URNJ stock traded up $1.97 on Monday, hitting $26.53. 209,864 shares of the stock traded hands, compared to its average volume of 457,579. The firm’s 50-day moving average price is $29.17 and its two-hundred day moving average price is $29.86. Sprott Junior Uranium Miners ETF has a twelve month low of $19.12 and a twelve month high of $40.81.

Institutional Trading of Sprott Junior Uranium Miners ETF

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Sprott Junior Uranium Miners ETF by 3,535.2% during the 1st quarter. Royal Bank of Canada now owns 31,990 shares of the company’s stock worth $937,000 after buying an additional 31,110 shares during the last quarter. Cetera Investment Advisers grew its position in Sprott Junior Uranium Miners ETF by 18.1% in the first quarter. Cetera Investment Advisers now owns 69,662 shares of the company’s stock worth $2,040,000 after acquiring an additional 10,659 shares during the period. WIT Partners Advisory Pte. Ltd. grew its position in Sprott Junior Uranium Miners ETF by 41.5% in the first quarter. WIT Partners Advisory Pte. Ltd. now owns 40,250 shares of the company’s stock worth $1,179,000 after acquiring an additional 11,810 shares during the period. IMC Chicago LLC increased its stake in Sprott Junior Uranium Miners ETF by 2.6% during the first quarter. IMC Chicago LLC now owns 15,972 shares of the company’s stock worth $468,000 after acquiring an additional 411 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Sprott Junior Uranium Miners ETF by 14.9% during the first quarter. Chicago Partners Investment Group LLC now owns 54,000 shares of the company’s stock worth $1,582,000 after acquiring an additional 7,000 shares during 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.