Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Short Interest Down 53.4% in July

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 536,367 shares, a drop of 53.4% from the July 15th total of 1,151,922 shares. Based on an average daily trading volume, of 188,174 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of Sprott Junior Uranium Miners ETF during the 2nd quarter worth about $215,000. Allied Private Wealth LLC acquired a new stake in Sprott Junior Uranium Miners ETF in the 2nd quarter valued at about $39,000. Tactive Advisors LLC grew its holdings in Sprott Junior Uranium Miners ETF by 5.4% during the second quarter. Tactive Advisors LLC now owns 32,880 shares of the company’s stock worth $764,000 after purchasing an additional 1,685 shares during the period. Royal Bank of Canada grew its holdings in Sprott Junior Uranium Miners ETF by 3,535.2% during the first quarter. Royal Bank of Canada now owns 31,990 shares of the company’s stock worth $937,000 after purchasing an additional 31,110 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Sprott Junior Uranium Miners ETF by 18.1% during the first quarter. Cetera Investment Advisers now owns 69,662 shares of the company’s stock worth $2,040,000 after purchasing an additional 10,659 shares during the period.

Sprott Junior Uranium Miners ETF Stock Performance

NASDAQ URNJ traded up $0.02 on Friday, hitting $24.42. 250,217 shares of the stock were exchanged, compared to its average volume of 406,508. The business’s fifty day moving average is $23.54 and its 200 day moving average is $28.44. Sprott Junior Uranium Miners ETF has a 52 week low of $19.45 and a 52 week high of $40.81.

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.