Investors Buy Large Volume of Call Options on Sprott Uranium Miners ETF (NYSEARCA:URNM)

Sprott Uranium Miners ETF (NYSEARCA:URNM) was the recipient of some unusual options trading on Monday. Traders bought 25,314 call options on the company. This represents an increase of 873% compared to the average daily volume of 2,601 call options.

Sprott Uranium Miners ETF Stock Down 0.3%

URNM stock opened at $49.01 on Tuesday. Sprott Uranium Miners ETF has a 52 week low of $27.60 and a 52 week high of $53.48. The firm has a market capitalization of $1.74 billion, a P/E ratio of 7.69 and a beta of 1.42. The company has a fifty day simple moving average of $43.51 and a two-hundred day simple moving average of $38.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its holdings 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 worth $12,056,000 after purchasing an additional 27,716 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Sprott Uranium Miners ETF by 5.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,330 shares of the company’s stock valued at $578,000 after buying an additional 754 shares during the period. Commonwealth Equity Services LLC grew its stake in Sprott Uranium Miners ETF by 4.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 89,542 shares of the company’s stock worth $3,609,000 after acquiring an additional 3,801 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Sprott Uranium Miners ETF by 53.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 57,407 shares of the company’s stock worth $2,405,000 after acquiring an additional 19,926 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of Sprott Uranium Miners ETF by 11.7% during the first quarter. DAVENPORT & Co LLC now owns 6,535 shares of the company’s stock worth $212,000 after acquiring an additional 685 shares during the period.

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.