Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Short Interest Up 80.2% in June

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,044,859 shares, an increase of 80.2% from the June 15th total of 579,677 shares. Based on an average trading volume of 240,099 shares, the days-to-cover ratio is presently 4.4 days. Approximately 7.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of URNJ. Kingsview Wealth Management LLC purchased a new position in Sprott Junior Uranium Miners ETF during the fourth quarter valued at approximately $6,404,000. Group One Trading LLC lifted its holdings in Sprott Junior Uranium Miners ETF by 103.2% during the second quarter. Group One Trading LLC now owns 6,531 shares of the company’s stock worth $138,000 after buying an additional 210,022 shares during the period. Banco BTG Pactual S.A. purchased a new stake in Sprott Junior Uranium Miners ETF during the fourth quarter worth $3,926,000. One Plus One Wealth Management LLC boosted its position in Sprott Junior Uranium Miners ETF by 132.6% during the 1st quarter. One Plus One Wealth Management LLC now owns 154,822 shares of the company’s stock valued at $4,535,000 after acquiring an additional 88,256 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Sprott Junior Uranium Miners ETF during the 4th quarter valued at $1,184,000.

Sprott Junior Uranium Miners ETF Trading Down 4.7%

Shares of Sprott Junior Uranium Miners ETF stock opened at $21.73 on Friday. The firm’s 50-day moving average is $25.70 and its two-hundred day moving average is $29.48. Sprott Junior Uranium Miners ETF has a 1 year low of $19.12 and a 1 year high of $40.81.

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.