Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Stock Price Down 4.7% – Here’s Why

Shares of Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) traded down 4.7% during mid-day trading on Thursday . The company traded as low as $21.55 and last traded at $21.73. 235,164 shares were traded during mid-day trading, a decline of 46% from the average session volume of 433,165 shares. The stock had previously closed at $22.81.

Sprott Junior Uranium Miners ETF Trading Down 4.7%

The business’s fifty day moving average price is $25.70 and its 200 day moving average price is $29.48.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new position in Sprott Junior Uranium Miners ETF during the second quarter worth about $39,000. Tactive Advisors LLC grew its stake in shares of Sprott Junior Uranium Miners ETF by 5.4% in the 2nd quarter. Tactive Advisors LLC now owns 32,880 shares of the company’s stock valued at $764,000 after purchasing an additional 1,685 shares during the period. Royal Bank of Canada grew its stake in shares of 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 purchasing an additional 31,110 shares during the period. Cetera Investment Advisers raised its holdings in shares of Sprott Junior Uranium Miners ETF by 18.1% in the 1st quarter. Cetera Investment Advisers now owns 69,662 shares of the company’s stock worth $2,040,000 after buying an additional 10,659 shares in the last quarter. Finally, WIT Partners Advisory Pte. Ltd. raised its holdings in shares of Sprott Junior Uranium Miners ETF by 41.5% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 40,250 shares of the company’s stock worth $1,179,000 after buying an additional 11,810 shares in the last quarter.

Sprott Junior Uranium Miners ETF Company Profile

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.