Sprott Uranium Miners ETF Target of Unusually Large Options Trading (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the target of unusually large options trading on Monday. Investors acquired 7,250 call options on the stock. This represents an increase of 433% compared to the average daily volume of 1,359 call options.

Sprott Uranium Miners ETF Stock Up 3.0 %

Sprott Uranium Miners ETF stock traded up $1.01 during trading hours on Monday, hitting $34.37. The stock had a trading volume of 196,994 shares, compared to its average volume of 549,676. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 6.85 and a beta of 1.14. Sprott Uranium Miners ETF has a one year low of $31.93 and a one year high of $60.17. The business’s 50 day simple moving average is $38.71 and its 200-day simple moving average is $42.92.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several large investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its stake in Sprott Uranium Miners ETF by 145.4% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,227,000 shares of the company’s stock valued at $56,295,000 after acquiring an additional 727,000 shares during the period. LPL Financial LLC grew its position in shares of Sprott Uranium Miners ETF by 10.2% in the fourth quarter. LPL Financial LLC now owns 299,086 shares of the company’s stock valued at $12,056,000 after purchasing an additional 27,716 shares in the last quarter. Glenorchy Capital Ltd grew its position in shares of Sprott Uranium Miners ETF by 2.1% in the fourth quarter. Glenorchy Capital Ltd now owns 242,749 shares of the company’s stock valued at $9,785,000 after purchasing an additional 4,900 shares in the last quarter. Bridgewater Associates LP grew its position in shares of Sprott Uranium Miners ETF by 8.5% in the third quarter. Bridgewater Associates LP now owns 239,811 shares of the company’s stock valued at $11,003,000 after purchasing an additional 18,864 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Sprott Uranium Miners ETF by 87.5% during the fourth quarter. Bank of America Corp DE now owns 223,817 shares of the company’s stock worth $9,022,000 after buying an additional 104,461 shares in the last quarter.

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.