Traders Purchase High Volume of Sprott Uranium Miners ETF Call Options (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNMGet Free Report) saw unusually large options trading activity on Wednesday. Investors acquired 43,211 call options on the company. This is an increase of 1,556% compared to the average volume of 2,610 call options.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new stake in shares of Sprott Uranium Miners ETF in the 3rd quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its stake in Sprott Uranium Miners ETF by 865.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock valued at $30,000 after purchasing an additional 450 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Sprott Uranium Miners ETF during the second quarter worth $29,000. Finally, Caitlin John LLC acquired a new position in shares of Sprott Uranium Miners ETF during the third quarter worth $41,000.

Sprott Uranium Miners ETF Trading Down 1.9%

Shares of URNM traded down $1.03 during mid-day trading on Wednesday, reaching $53.33. The company’s stock had a trading volume of 336,680 shares, compared to its average volume of 698,924. Sprott Uranium Miners ETF has a 1-year low of $27.60 and a 1-year high of $68.55. The business has a 50-day simple moving average of $57.99 and a two-hundred day simple moving average of $52.52. The stock has a market cap of $1.71 billion, a P/E ratio of 7.69 and a beta of 1.00.

About Sprott Uranium Miners ETF

(Get Free Report)

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.

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