Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 52-Week Low – Here’s Why

Sprott Uranium Miners ETF (NYSEARCA:URNM) reached a new 52-week low on Thursday. The company traded as low as $46.72 and last traded at $46.5540, with a volume of 165300 shares. The stock had previously closed at $47.46.

Sprott Uranium Miners ETF Stock Down 0.3%

The business has a 50-day simple moving average of $53.33 and a 200-day simple moving average of $57.49. The company has a market cap of $1.83 billion, a PE ratio of 7.69 and a beta of 1.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. WIT Partners Advisory Pte. Ltd. raised its position in Sprott Uranium Miners ETF by 596.8% during the first quarter. WIT Partners Advisory Pte. Ltd. now owns 71,981 shares of the company’s stock worth $4,546,000 after acquiring an additional 61,651 shares during the period. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Sprott Uranium Miners ETF during the fourth quarter valued at $1,244,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sprott Uranium Miners ETF by 544.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,187 shares of the company’s stock valued at $834,000 after purchasing an additional 12,830 shares during the period. Integrated Advisors Network LLC acquired a new stake in shares of Sprott Uranium Miners ETF in the first quarter valued at about $792,000. Finally, ArchPoint Investors acquired a new stake in shares of Sprott Uranium Miners ETF in the fourth quarter valued at about $714,000.

About Sprott Uranium Miners ETF

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.