Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 12-Month Low – Should You Sell?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price hit a new 52-week low on Friday. The company traded as low as $38.96 and last traded at $39.0720, with a volume of 272,783 shares traded. The stock had previously closed at $40.27.

Sprott Uranium Miners ETF Trading Down 2.0%

The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 31.22 and a beta of 1.07. The company’s 50-day moving average is $46.91 and its 200-day moving average is $57.62.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in URNM. Bleakley Financial Group LLC boosted its holdings in shares of Sprott Uranium Miners ETF by 19.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 144,904 shares of the company’s stock valued at $6,877,000 after purchasing an additional 23,300 shares in the last quarter. Oceanic Investment Management LTD lifted its position in shares of Sprott Uranium Miners ETF by 33.6% during the 3rd quarter. Oceanic Investment Management LTD now owns 23,801 shares of the company’s stock worth $1,130,000 after buying an additional 5,982 shares during the last quarter. PCG Wealth Advisors LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter worth $268,000. FreeGulliver LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter worth $456,000. Finally, Cibc World Market Inc. acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at about $223,000.

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.