Sprott Uranium Miners ETF (NYSEARCA:URNM) Short Interest Down 51.1% in June

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 502,324 shares, a drop of 51.1% from the June 15th total of 1,026,729 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 452,024 shares, the days-to-cover ratio is currently 1.1 days.

Sprott Uranium Miners ETF Stock Performance

Shares of NYSEARCA:URNM traded down $0.71 on Wednesday, hitting $50.88. The stock had a trading volume of 342,388 shares, compared to its average volume of 836,792. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.69 and a beta of 0.91. Sprott Uranium Miners ETF has a twelve month low of $43.10 and a twelve month high of $84.95. The firm’s 50 day moving average price is $57.11 and its 200-day moving average price is $63.62.

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Anatole Investment Management Ltd bought a new position in Sprott Uranium Miners ETF in the second quarter valued at approximately $40,563,000. Group One Trading LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 1st quarter valued at $36,523,000. Cumberland Partners Ltd bought a new stake in Sprott Uranium Miners ETF in the fourth quarter valued at about $12,334,000. Acorn Financial Advisory Services Inc. ADV acquired a new position in Sprott Uranium Miners ETF in the first quarter valued at about $13,258,000. Finally, Trek Financial LLC bought a new position in Sprott Uranium Miners ETF during the fourth quarter worth about $7,214,000.

About Sprott Uranium Miners ETF

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.