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

Sprott Uranium Miners ETF (NYSEARCA:URNM) saw unusually large options trading activity on Monday. Traders acquired 9,009 call options on the company. This represents an increase of 126% compared to the average daily volume of 3,990 call options.

Sprott Uranium Miners ETF Price Performance

URNM opened at $62.16 on Tuesday. Sprott Uranium Miners ETF has a one year low of $27.60 and a one year high of $68.55. The business has a 50 day simple moving average of $56.72 and a two-hundred day simple moving average of $53.77. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a dividend of $1.7432 per share. This represents a dividend yield of 339.0%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Commons Capital LLC raised its holdings in Sprott Uranium Miners ETF by 16.1% in the 4th quarter. Commons Capital LLC now owns 5,323 shares of the company’s stock worth $292,000 after purchasing an additional 740 shares in the last quarter. Miller Global Investments LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter valued at about $1,450,000. IFP Advisors Inc purchased a new position in shares of Sprott Uranium Miners ETF during the third quarter valued at about $44,000. SIH Partners LLLP raised its stake in Sprott Uranium Miners ETF by 134.7% in the third quarter. SIH Partners LLLP now owns 15,572 shares of the company’s stock worth $941,000 after buying an additional 8,938 shares in the last quarter. Finally, Prelude Capital Management LLC bought a new position in Sprott Uranium Miners ETF in the third quarter worth about $415,000.

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.