Sprott Uranium Miners ETF Sees Unusually Large Options Volume (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of some unusual options trading activity on Monday. Investors bought 9,009 call options on the stock. This represents an increase of 126% compared to the typical volume of 3,990 call options.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM stock opened at $62.51 on Wednesday. Sprott Uranium Miners ETF has a fifty-two week low of $27.60 and a fifty-two week high of $68.55. The stock’s fifty day moving average price is $56.71 and its two-hundred day moving average price is $53.89. The company has a market cap of $2.00 billion, a PE ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were given a $1.7432 dividend. This represents a yield of 339.0%. The ex-dividend date was Thursday, December 18th.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of hedge funds have recently made changes to their positions in URNM. Fortitude Family Office LLC acquired a new position in Sprott Uranium Miners ETF during the 3rd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Sprott Uranium Miners ETF in the 2nd quarter valued at $29,000. Farther Finance Advisors LLC lifted its stake in shares of Sprott Uranium Miners ETF by 865.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock valued at $30,000 after acquiring an additional 450 shares during the last quarter. Glassman Wealth Services bought a new stake in Sprott Uranium Miners ETF during the 2nd quarter worth $32,000. Finally, Fifth Third Bancorp acquired a new position in Sprott Uranium Miners ETF in the 3rd quarter worth about $33,000.

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.