Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Sees Significant Growth in Short Interest

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the recipient of a large 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 daily volume of 240,099 shares, the short-interest ratio is presently 4.4 days. Approximately 7.5% of the company’s shares are sold short.

Institutional Trading of Sprott Junior Uranium Miners ETF

Several large investors have recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new position in shares of Sprott Junior Uranium Miners ETF during the 2nd quarter worth approximately $39,000. Raymond James Financial Inc. purchased a new position in shares of Sprott Junior Uranium Miners ETF in the 2nd quarter valued at approximately $55,000. Simplex Trading LLC bought a new stake in shares of Sprott Junior Uranium Miners ETF during the fourth quarter valued at approximately $74,000. Group One Trading LLC bought a new stake in shares of Sprott Junior Uranium Miners ETF during the fourth quarter valued at approximately $79,000. Finally, Advisory Services Network LLC purchased a new stake in Sprott Junior Uranium Miners ETF in the third quarter worth $143,000.

Sprott Junior Uranium Miners ETF Trading Down 1.1%

Shares of URNJ traded down $0.23 during trading hours on Friday, reaching $21.50. 161,284 shares of the company traded hands, compared to its average volume of 431,152. Sprott Junior Uranium Miners ETF has a 12 month low of $19.12 and a 12 month high of $40.81. The company’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $29.43.

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.