Sprott Uranium Miners ETF (NYSEARCA:URNM) Shares Gap Down – Time to Sell?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $53.21, but opened at $51.66. Sprott Uranium Miners ETF shares last traded at $52.39, with a volume of 121,896 shares changing hands.

Sprott Uranium Miners ETF Stock Down 0.7%

The firm’s fifty day moving average price is $57.84 and its 200 day moving average price is $52.52. The stock has a market cap of $1.69 billion, a PE ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th will be issued a $1.7432 dividend. This represents a yield of 332.0%. The ex-dividend date is Thursday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth about $44,000. SIH Partners LLLP grew its holdings in Sprott Uranium Miners ETF by 134.7% during the 3rd quarter. SIH Partners LLLP now owns 15,572 shares of the company’s stock valued at $941,000 after buying an additional 8,938 shares in the last quarter. Prelude Capital Management LLC bought a new stake in Sprott Uranium Miners ETF in the 3rd quarter worth approximately $415,000. Mariner LLC raised its holdings in shares of Sprott Uranium Miners ETF by 26.9% during the 3rd quarter. Mariner LLC now owns 9,324 shares of the company’s stock worth $563,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Sprott Uranium Miners ETF during the 3rd quarter valued at approximately $3,704,000.

About Sprott Uranium Miners ETF

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.