Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 52-Week Low – Should You Sell?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $40.20 and last traded at $40.4940, with a volume of 353,969 shares traded. The stock had previously closed at $41.32.

Sprott Uranium Miners ETF Stock Performance

The firm has a market capitalization of $1.68 billion, a PE ratio of 7.69 and a beta of 1.07. The firm’s 50-day moving average is $49.22 and its 200 day moving average is $58.70.

Institutional Trading of Sprott Uranium Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. WIT Partners Advisory Pte. Ltd. increased its stake in shares of Sprott Uranium Miners ETF by 596.8% during the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 71,981 shares of the company’s stock worth $4,546,000 after purchasing an additional 61,651 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co lifted its stake in Sprott Uranium Miners ETF by 191.8% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 66,136 shares of the company’s stock valued at $4,177,000 after buying an additional 43,473 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in Sprott Uranium Miners ETF in the 1st quarter valued at approximately $792,000. Y Intercept Hong Kong Ltd acquired a new stake in Sprott Uranium Miners ETF during the 1st quarter valued at $2,103,000. Finally, Freemont Management S.A. acquired a new stake in Sprott Uranium Miners ETF during the 1st quarter valued at $947,000.

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.