Sprott Uranium Miners ETF (NYSEARCA:URNM) Short Interest Up 212.8% in May

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,388,123 shares, a growth of 212.8% from the May 14th total of 443,822 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,001,141 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC lifted its stake in Sprott Uranium Miners ETF by 35.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 75,206 shares of the company’s stock valued at $4,545,000 after buying an additional 19,717 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in Sprott Uranium Miners ETF in the 4th quarter valued at about $1,854,000. Perigon Wealth Management LLC purchased a new position in Sprott Uranium Miners ETF in the 4th quarter valued at about $948,000. Brookstone Capital Management lifted its stake in Sprott Uranium Miners ETF by 62.3% in the 4th quarter. Brookstone Capital Management now owns 25,732 shares of the company’s stock valued at $1,412,000 after buying an additional 9,882 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in Sprott Uranium Miners ETF in the 4th quarter valued at about $1,249,000.

Sprott Uranium Miners ETF Price Performance

Sprott Uranium Miners ETF stock traded up $0.29 during midday trading on Friday, reaching $54.58. The company had a trading volume of 382,715 shares, compared to its average volume of 904,571. The company has a market capitalization of $1.97 billion, a P/E ratio of 7.69 and a beta of 0.88. Sprott Uranium Miners ETF has a 12-month low of $41.88 and a 12-month high of $84.95. The firm’s fifty day simple moving average is $63.00 and its 200-day simple moving average is $63.95.

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.