Traders Purchase High Volume of Sprott Uranium Miners ETF Call Options (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw unusually large options trading on Monday. Investors bought 20,011 call options on the company. This represents an increase of approximately 676% compared to the average daily volume of 2,578 call options.

Sprott Uranium Miners ETF Price Performance

Shares of URNM stock opened at $55.99 on Wednesday. Sprott Uranium Miners ETF has a one year low of $27.60 and a one year high of $68.55. The stock has a market cap of $1.80 billion, a P/E ratio of 7.69 and a beta of 1.00. The stock has a fifty day moving average price of $58.53 and a 200 day moving average price of $51.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. boosted its stake in Sprott Uranium Miners ETF by 6.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 15,242 shares of the company’s stock valued at $494,000 after buying an additional 912 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sprott Uranium Miners ETF by 65.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,101 shares of the company’s stock worth $36,000 after purchasing an additional 437 shares in the last quarter. Cheviot Value Management LLC increased its holdings in shares of Sprott Uranium Miners ETF by 13.4% during the first quarter. Cheviot Value Management LLC now owns 27,145 shares of the company’s stock worth $963,000 after buying an additional 3,210 shares in the last quarter. Savvy Advisors Inc. bought a new position in shares of Sprott Uranium Miners ETF in the first quarter valued at approximately $1,565,000. Finally, Private Wealth Advisors LLC increased its holdings in Sprott Uranium Miners ETF by 4.4% during the 1st quarter. Private Wealth Advisors LLC now owns 69,852 shares of the company’s stock valued at $2,266,000 after purchasing an additional 2,959 shares in the last quarter.

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.