Sprott Uranium Miners ETF (NYSEARCA:URNM) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $53.21, but opened at $51.66. Sprott Uranium Miners ETF shares last traded at $52.39, with a volume of 121,896 shares trading hands.

Sprott Uranium Miners ETF Trading Down 0.7%

The firm has a market capitalization of $1.69 billion, a PE ratio of 7.69 and a beta of 1.00. The business’s 50 day simple moving average is $57.84 and its 200 day simple moving average is $52.52.

Sprott Uranium Miners ETF Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Thursday, December 18th will be given a $1.7432 dividend. The ex-dividend date is Thursday, December 18th. This represents a yield of 332.0%.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC purchased a new position in shares of Sprott Uranium Miners ETF in the 3rd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in Sprott Uranium Miners ETF in the second quarter worth $29,000. Farther Finance Advisors LLC boosted its stake in Sprott Uranium Miners ETF by 865.4% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock worth $30,000 after buying an additional 450 shares during the period. Glassman Wealth Services purchased a new position in Sprott Uranium Miners ETF during the second quarter worth $32,000. Finally, Fifth Third Bancorp bought a new position in Sprott Uranium Miners ETF during the third quarter valued at $33,000.

Sprott Uranium Miners ETF Company Profile

(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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