Short Interest in Sprott Uranium Miners ETF (NYSEARCA:URNM) Expands By 212.8%

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,388,123 shares, an increase of 212.8% from the May 14th total of 443,822 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily volume of 1,001,141 shares, the short-interest ratio is presently 1.4 days.

Sprott Uranium Miners ETF Stock Up 5.5%

Shares of Sprott Uranium Miners ETF stock opened at $54.29 on Friday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 7.69 and a beta of 0.88. The business has a 50-day moving average price of $63.19 and a 200-day moving average price of $64.02. Sprott Uranium Miners ETF has a twelve month low of $41.88 and a twelve month high of $84.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its holdings in shares of Sprott Uranium Miners ETF by 35.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 75,206 shares of the company’s stock valued at $4,545,000 after acquiring an additional 19,717 shares during the last quarter. Financial Enhancement Group LLC bought a new position in shares of Sprott Uranium Miners ETF in the 4th quarter valued at about $1,854,000. Perigon Wealth Management LLC bought a new position in shares of Sprott Uranium Miners ETF in the 4th quarter valued at about $948,000. Brookstone Capital Management lifted its holdings in shares of Sprott Uranium Miners ETF by 62.3% in the 4th quarter. Brookstone Capital Management now owns 25,732 shares of the company’s stock valued at $1,412,000 after acquiring an additional 9,882 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in shares of Sprott Uranium Miners ETF in the 4th quarter valued at about $1,249,000.

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.