Discovery Capital Management LLC CT Buys New Stake in Global X Uranium ETF (NYSEARCA:URA)

Discovery Capital Management LLC CT purchased a new position in Global X Uranium ETF (NYSEARCA:URA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 217,100 shares of the company’s stock, valued at approximately $6,285,000. Global X Uranium ETF comprises approximately 0.8% of Discovery Capital Management LLC CT’s investment portfolio, making the stock its 25th biggest position. Discovery Capital Management LLC CT owned about 0.20% of Global X Uranium ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of URA. Cambridge Investment Research Advisors Inc. raised its position in shares of Global X Uranium ETF by 51.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 54,321 shares of the company’s stock valued at $1,504,000 after purchasing an additional 18,399 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Global X Uranium ETF by 141.7% during the fourth quarter. Advisory Services Network LLC now owns 51,702 shares of the company’s stock valued at $1,432,000 after buying an additional 30,310 shares during the last quarter. Hilltop Holdings Inc. increased its position in shares of Global X Uranium ETF by 74.5% in the 4th quarter. Hilltop Holdings Inc. now owns 40,431 shares of the company’s stock valued at $1,120,000 after acquiring an additional 17,260 shares during the period. Stifel Financial Corp raised its stake in Global X Uranium ETF by 9,342.9% in the 4th quarter. Stifel Financial Corp now owns 1,114,738 shares of the company’s stock worth $30,867,000 after acquiring an additional 1,102,933 shares during the last quarter. Finally, Scotia Capital Inc. acquired a new stake in Global X Uranium ETF during the 4th quarter worth about $714,000.

Global X Uranium ETF Stock Performance

Global X Uranium ETF stock opened at $27.18 on Monday. The business’s 50-day simple moving average is $26.04 and its two-hundred day simple moving average is $28.62. The company has a market cap of $2.90 billion, a PE ratio of 22.45 and a beta of 1.08. Global X Uranium ETF has a fifty-two week low of $22.78 and a fifty-two week high of $33.66.

Global X Uranium ETF Profile

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.