Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Trading Down 4.7% – Time to Sell?

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ)’s stock price dropped 4.7% during mid-day trading on Thursday . The stock traded as low as $21.55 and last traded at $21.73. Approximately 235,164 shares changed hands during trading, a decline of 46% from the average daily volume of 433,165 shares. The stock had previously closed at $22.81.

Sprott Junior Uranium Miners ETF Trading Down 4.7%

The stock’s 50-day moving average price is $25.70 and its 200 day moving average price is $29.48.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of Sprott Junior Uranium Miners ETF by 1.3% in the 1st quarter. NewEdge Advisors LLC now owns 51,952 shares of the company’s stock worth $746,000 after acquiring an additional 675 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Sprott Junior Uranium Miners ETF during the second quarter valued at approximately $55,000. Group One Trading LLC raised its stake in shares of Sprott Junior Uranium Miners ETF by 103.2% in the second quarter. Group One Trading LLC now owns 6,531 shares of the company’s stock valued at $138,000 after purchasing an additional 210,022 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Sprott Junior Uranium Miners ETF in the third quarter valued at $995,000. Finally, National Bank of Canada FI lifted its position in Sprott Junior Uranium Miners ETF by 68.5% in the third quarter. National Bank of Canada FI now owns 92,602 shares of the company’s stock worth $2,680,000 after purchasing an additional 37,653 shares during the period.

Sprott Junior Uranium Miners ETF Company Profile

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.