Global X Uranium ETF (NYSEARCA:URA) Reaches New 12-Month High – Here’s Why

Shares of Global X Uranium ETF (NYSEARCA:URA) reached a new 52-week high during trading on Wednesday . The stock traded as high as $60.64 and last traded at $61.2890, with a volume of 8804098 shares. The stock had previously closed at $57.85.

Global X Uranium ETF Trading Up 6.8%

The company has a market capitalization of $8.08 billion, a PE ratio of 37.39 and a beta of 1.10. The firm’s 50-day simple moving average is $47.94 and its 200-day simple moving average is $46.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Global X Uranium ETF in the 3rd quarter worth $60,255,000. Bensler LLC purchased a new stake in Global X Uranium ETF in the third quarter worth about $19,836,000. National Bank of Canada FI grew its holdings in Global X Uranium ETF by 11,792.0% during the 3rd quarter. National Bank of Canada FI now owns 388,631 shares of the company’s stock worth $18,529,000 after acquiring an additional 385,363 shares in the last quarter. Stonebridge Financial Group LLC increased its position in Global X Uranium ETF by 181,860.0% during the 2nd quarter. Stonebridge Financial Group LLC now owns 363,920 shares of the company’s stock valued at $14,124,000 after purchasing an additional 363,720 shares during the period. Finally, Trilogy Capital Inc. purchased a new position in Global X Uranium ETF during the 4th quarter valued at about $11,015,000.

Global X Uranium ETF Company 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.