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

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

Sprott Uranium Miners ETF Stock Up 0.5%

Shares of URNM opened at $54.58 on Friday. Sprott Uranium Miners ETF has a 12-month low of $41.88 and a 12-month high of $84.95. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 7.69 and a beta of 0.88. The stock’s 50-day moving average price is $63.00 and its 200 day moving average price is $63.95.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

A number of institutional investors have recently added to or reduced their stakes in URNM. Comerica Bank boosted its holdings in Sprott Uranium Miners ETF by 50.1% during the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock valued at $102,000 after purchasing an additional 1,053 shares in the last quarter. Royal Bank of Canada boosted its holdings in Sprott Uranium Miners ETF by 127.5% during the first quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock valued at $2,822,000 after purchasing an additional 48,746 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Sprott Uranium Miners ETF by 96.8% during the first quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock valued at $183,000 after purchasing an additional 2,778 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Sprott Uranium Miners ETF by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock valued at $2,872,000 after purchasing an additional 2,687 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Sprott Uranium Miners ETF during the second quarter valued at approximately $431,000.

Sprott Uranium Miners ETF Company Profile

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.