Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Sees Significant Drop in Short Interest

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 536,367 shares, a drop of 53.4% from the July 15th total of 1,151,922 shares. Based on an average daily trading volume, of 188,174 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.7% of the shares of the stock are short sold.

Sprott Junior Uranium Miners ETF Price Performance

Shares of Sprott Junior Uranium Miners ETF stock opened at $24.42 on Monday. The company has a 50 day moving average of $23.54 and a 200-day moving average of $28.40. Sprott Junior Uranium Miners ETF has a 1-year low of $19.45 and a 1-year high of $40.81.

Institutional Investors Weigh In On Sprott Junior Uranium Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC bought a new position in Sprott Junior Uranium Miners ETF in the fourth quarter valued at about $6,404,000. One Plus One Wealth Management LLC raised its stake in Sprott Junior Uranium Miners ETF by 132.6% during the first quarter. One Plus One Wealth Management LLC now owns 154,822 shares of the company’s stock worth $4,535,000 after acquiring an additional 88,256 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Sprott Junior Uranium Miners ETF in the fourth quarter worth about $1,184,000. Banco BTG Pactual S.A. bought a new position in shares of Sprott Junior Uranium Miners ETF in the fourth quarter worth about $3,926,000. Finally, Tactive Advisors LLC lifted its holdings in shares of Sprott Junior Uranium Miners ETF by 13.6% in the first quarter. Tactive Advisors LLC now owns 31,195 shares of the company’s stock worth $914,000 after acquiring an additional 3,735 shares during the last quarter.

About Sprott Junior Uranium Miners ETF

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. URNJ was launched on Dec 3, 2019 and is managed by Sprott.