Investors Purchase High 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 activity on Friday. Stock investors purchased 36,206 call options on the stock. This represents an increase of 652% compared to the average volume of 4,815 call options.

Sprott Uranium Miners ETF Stock Performance

Shares of NYSEARCA URNM opened at $75.95 on Friday. The stock has a market capitalization of $2.48 billion, a PE ratio of 7.69 and a beta of 1.00. Sprott Uranium Miners ETF has a 52 week low of $27.60 and a 52 week high of $76.66. The stock has a 50 day moving average price of $59.26 and a 200 day moving average price of $55.73.

Sprott Uranium Miners ETF Announces Dividend

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

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Institutional investors have recently bought and sold shares of the business. Comerica Bank raised its stake in Sprott Uranium Miners ETF by 50.1% in the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock valued at $102,000 after buying an additional 1,053 shares during the period. Royal Bank of Canada increased its holdings in shares of Sprott Uranium Miners ETF by 127.5% during the 1st quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock worth $2,822,000 after acquiring an additional 48,746 shares during the last quarter. NewEdge Advisors LLC raised its stake in Sprott Uranium Miners ETF by 96.8% in the 1st quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock valued at $183,000 after acquiring an additional 2,778 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Sprott Uranium Miners ETF by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock valued at $2,872,000 after purchasing an additional 2,687 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in Sprott Uranium Miners ETF during the second quarter worth $211,000.

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.