Sprott Uranium Miners ETF (NYSEARCA:URNM) Shares Gap Up to $40.11

Sprott Uranium Miners ETF (NYSEARCA:URNM) shares gapped up prior to trading on Friday . The stock had previously closed at $40.11, but opened at $42.24. Sprott Uranium Miners ETF shares last traded at $43.63, with a volume of 129,245 shares traded.

Sprott Uranium Miners ETF Stock Performance

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. The business has a fifty day moving average of $46.39 and a two-hundred day moving average of $49.99.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of URNM. NBC Securities Inc. purchased a new stake in Sprott Uranium Miners ETF in the 1st quarter valued at approximately $34,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Sprott Uranium Miners ETF during the 4th quarter worth $71,000. International Assets Investment Management LLC purchased a new position in shares of Sprott Uranium Miners ETF during the 2nd quarter worth $89,000. Cullen Frost Bankers Inc. purchased a new position in shares of Sprott Uranium Miners ETF during the 4th quarter worth $101,000. Finally, ORG Partners LLC purchased a new position in shares of Sprott Uranium Miners ETF during the 2nd quarter worth $132,000.

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.