Sprott Uranium Miners ETF Target of Unusually Large Options Trading (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of some unusual options trading on Monday. Investors acquired 9,009 call options on the stock. This is an increase of 126% compared to the typical volume of 3,990 call options.

Sprott Uranium Miners ETF Price Performance

Shares of URNM traded up $0.60 during mid-day trading on Monday, hitting $61.05. The stock had a trading volume of 240,697 shares, compared to its average volume of 626,758. Sprott Uranium Miners ETF has a 52 week low of $27.60 and a 52 week high of $68.55. The business has a fifty day moving average price of $56.62 and a 200-day moving average price of $53.66. The firm has a market cap of $1.95 billion, a P/E ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a $1.7432 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 339.0%.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of URNM. Raymond James Financial Inc. raised its position in shares of Sprott Uranium Miners ETF by 1.6% in the first quarter. Raymond James Financial Inc. now owns 94,577 shares of the company’s stock worth $3,068,000 after buying an additional 1,451 shares in the last quarter. Comerica Bank increased its stake in Sprott Uranium Miners ETF by 50.1% in the 1st quarter. Comerica Bank now owns 3,153 shares of the company’s stock worth $102,000 after purchasing an additional 1,053 shares during the period. Royal Bank of Canada raised its holdings in Sprott Uranium Miners ETF by 127.5% during the 1st quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock valued at $2,822,000 after buying an additional 48,746 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Sprott Uranium Miners ETF by 96.8% during the first quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock valued at $183,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Sprott Uranium Miners ETF by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock valued at $2,872,000 after purchasing an additional 2,687 shares during the last quarter.

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.