Short Interest in Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Expands By 83.4%

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 726,648 shares, a growth of 83.4% from the May 14th total of 396,238 shares. Based on an average daily volume of 280,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.9% of the shares of the stock are sold short.

Sprott Junior Uranium Miners ETF Trading Up 8.0%

URNJ stock traded up $1.97 during midday trading on Monday, reaching $26.53. The stock had a trading volume of 209,864 shares, compared to its average volume of 457,579. Sprott Junior Uranium Miners ETF has a 52-week low of $19.12 and a 52-week high of $40.81. The company’s fifty day simple moving average is $29.17 and its 200 day simple moving average is $29.86.

Hedge Funds Weigh In On Sprott Junior Uranium Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of URNJ. NewEdge Advisors LLC grew its stake in Sprott Junior Uranium Miners ETF by 1.3% during the 1st quarter. NewEdge Advisors LLC now owns 51,952 shares of the company’s stock valued at $746,000 after acquiring an additional 675 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sprott Junior Uranium Miners ETF during the 2nd quarter worth approximately $55,000. Group One Trading LLC boosted its holdings in shares of Sprott Junior Uranium Miners ETF by 103.2% during the 2nd quarter. Group One Trading LLC now owns 6,531 shares of the company’s stock worth $138,000 after purchasing an additional 210,022 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Sprott Junior Uranium Miners ETF in the third quarter valued at approximately $211,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Sprott Junior Uranium Miners ETF in the third quarter valued at approximately $995,000.

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.