Traders Buy High Volume of Sprott Uranium Miners ETF Put Options (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of some unusual options trading on Thursday. Traders purchased 3,846 put options on the stock. This represents an increase of approximately 244% compared to the average volume of 1,119 put options.

Sprott Uranium Miners ETF Stock Performance

NYSEARCA:URNM traded down $0.67 on Thursday, hitting $47.20. 143,739 shares of the stock were exchanged, compared to its average volume of 751,920. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 7.69 and a beta of 1.09. Sprott Uranium Miners ETF has a 52 week low of $46.41 and a 52 week high of $84.95. The company’s 50-day moving average price is $53.22 and its 200 day moving average price is $56.96.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Institutional investors have recently modified their holdings of the business. Menlo Advisors LLC boosted its stake in Sprott Uranium Miners ETF by 0.4% in the second quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock valued at $4,558,000 after acquiring an additional 370 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Sprott Uranium Miners ETF by 11.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,725 shares of the company’s stock worth $354,000 after acquiring an additional 693 shares during the period. Tidal Investments LLC raised its position in shares of Sprott Uranium Miners ETF by 81.8% during the 2nd quarter. Tidal Investments LLC now owns 17,893 shares of the company’s stock valued at $941,000 after acquiring an additional 8,053 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 2nd quarter valued at $107,000. Finally, IFP Advisors Inc lifted its stake in shares of Sprott Uranium Miners ETF by 43.7% in the 2nd quarter. IFP Advisors Inc now owns 10,300 shares of the company’s stock valued at $542,000 after purchasing an additional 3,132 shares during the period.

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.