Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Shares Down 1.6% – Time to Sell?

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ)’s share price was down 1.6% during mid-day trading on Thursday . The stock traded as low as $29.31 and last traded at $29.56. Approximately 277,954 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 593,709 shares. The stock had previously closed at $30.03.

Sprott Junior Uranium Miners ETF Stock Performance

The company’s 50 day moving average is $26.37 and its 200 day moving average is $25.25.

Sprott Junior Uranium Miners ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were issued a $1.659 dividend. This represents a dividend yield of 698.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in URNJ. NewEdge Advisors LLC lifted its stake in Sprott Junior Uranium Miners ETF by 1.3% in the first quarter. NewEdge Advisors LLC now owns 51,952 shares of the company’s stock valued at $746,000 after buying an additional 675 shares during the last quarter. Militia Capital Partners LP increased its holdings in shares of Sprott Junior Uranium Miners ETF by 20.8% in the 1st quarter. Militia Capital Partners LP now owns 20,300 shares of the company’s stock valued at $292,000 after acquiring an additional 3,500 shares during the period. Tcfg Wealth Management LLC purchased a new stake in Sprott Junior Uranium Miners ETF in the 2nd quarter valued at $406,000. Bleakley Financial Group LLC purchased a new stake in Sprott Junior Uranium Miners ETF in the 2nd quarter valued at $322,000. Finally, Bank of Montreal Can boosted its stake in Sprott Junior Uranium Miners ETF by 1,931.2% during the 2nd quarter. Bank of Montreal Can now owns 10,156 shares of the company’s stock worth $215,000 after purchasing an additional 9,656 shares during the period.

About Sprott Junior Uranium Miners ETF

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. URNJ was launched on Dec 3, 2019 and is managed by Sprott.