Short Interest in Sprott Uranium Miners ETF (NYSEARCA:URNM) Declines By 58.8%
by Teresa Graham · The Cerbat GemSprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 424,838 shares, a drop of 58.8% from the April 15th total of 1,031,882 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 683,196 shares, the days-to-cover ratio is presently 0.6 days.
Sprott Uranium Miners ETF Stock Performance
Shares of Sprott Uranium Miners ETF stock traded down $2.35 during trading on Friday, reaching $60.15. 1,098,109 shares of the company’s stock were exchanged, compared to its average volume of 915,301. Sprott Uranium Miners ETF has a 1-year low of $35.93 and a 1-year high of $84.95. The company has a market cap of $2.17 billion, a P/E ratio of 7.69 and a beta of 0.93. The firm’s 50-day moving average price is $64.95 and its 200 day moving average price is $63.81.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its holdings in shares of Sprott Uranium Miners ETF by 50.1% during the 1st quarter. Comerica Bank now owns 3,153 shares of the company’s stock valued at $102,000 after purchasing an additional 1,053 shares during the last quarter. Royal Bank of Canada lifted its stake in Sprott Uranium Miners ETF by 127.5% in the 1st quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock valued at $2,822,000 after purchasing an additional 48,746 shares during the last quarter. NewEdge Advisors LLC boosted its position in Sprott Uranium Miners ETF by 96.8% in the first quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock valued at $183,000 after buying an additional 2,778 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Sprott Uranium Miners ETF by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock valued at $2,872,000 after buying an additional 2,687 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Sprott Uranium Miners ETF in the second quarter valued at approximately $431,000.
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.