Global X Uranium ETF (NYSEARCA:URA) Stock Sees Unusually High Call Option Buying

Global X Uranium ETF (NYSEARCA:URA) was the target of some unusual options trading on Thursday. Traders bought 80,871 call options on the stock. This represents an increase of approximately 544% compared to the average volume of 12,558 call options.

Hedge Funds Weigh In On Global X Uranium ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Global X Uranium ETF by 2.2% during the second quarter. Allworth Financial LP now owns 10,054 shares of the company’s stock worth $439,000 after acquiring an additional 217 shares in the last quarter. Triumph Capital Management boosted its stake in shares of Global X Uranium ETF by 5.0% in the 2nd quarter. Triumph Capital Management now owns 4,870 shares of the company’s stock valued at $213,000 after purchasing an additional 232 shares in the last quarter. Carlson Financial Inc. boosted its stake in shares of Global X Uranium ETF by 1.5% in the 2nd quarter. Carlson Financial Inc. now owns 17,863 shares of the company’s stock valued at $781,000 after purchasing an additional 267 shares in the last quarter. Strengthening Families & Communities LLC grew its holdings in shares of Global X Uranium ETF by 4.7% during the 2nd quarter. Strengthening Families & Communities LLC now owns 7,509 shares of the company’s stock valued at $328,000 after purchasing an additional 335 shares during the last quarter. Finally, Sharpepoint LLC grew its holdings in shares of Global X Uranium ETF by 4.2% during the 1st quarter. Sharpepoint LLC now owns 8,501 shares of the company’s stock valued at $412,000 after purchasing an additional 343 shares during the last quarter.

Global X Uranium ETF Trading Down 4.9%

Shares of NYSEARCA URA traded down $1.61 during midday trading on Thursday, hitting $31.09. The company’s stock had a trading volume of 4,443,810 shares, compared to its average volume of 4,210,311. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 37.39 and a beta of 1.28. Global X Uranium ETF has a one year low of $30.40 and a one year high of $62.28. The stock has a fifty day moving average price of $40.01 and a 200 day moving average price of $46.78.

About Global X Uranium ETF

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.