Global X Uranium ETF (NYSEARCA:URA) Hits New 52-Week Low – Here’s Why

Global X Uranium ETF (NYSEARCA:URA) shares reached a new 52-week low on Monday . The stock traded as low as $19.50 and last traded at $19.86, with a volume of 822806 shares traded. The stock had previously closed at $20.82.

Global X Uranium ETF Trading Down 1.8 %

The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 17.74 and a beta of 1.07. The firm’s 50-day moving average is $25.74 and its two-hundred day moving average is $28.46.

Institutional Trading of Global X Uranium ETF

A number of institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC grew its holdings in shares of Global X Uranium ETF by 6.5% during the first quarter. Confluence Investment Management LLC now owns 500,947 shares of the company’s stock worth $11,482,000 after buying an additional 30,542 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Global X Uranium ETF by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 231,523 shares of the company’s stock worth $6,200,000 after purchasing an additional 2,714 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Global X Uranium ETF in the fourth quarter valued at approximately $376,000. Copia Wealth Management acquired a new stake in shares of Global X Uranium ETF in the fourth quarter valued at approximately $89,000. Finally, Ameriflex Group Inc. purchased a new position in Global X Uranium ETF during the fourth quarter worth approximately $52,000.

Global X Uranium ETF Company Profile

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.