Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Stock Price Down 4% – Time to Sell?

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) dropped 4% on Friday . The stock traded as low as $30.15 and last traded at $30.32. Approximately 382,068 shares traded hands during trading, a decline of 38% from the average daily volume of 613,689 shares. The stock had previously closed at $31.59.

Sprott Junior Uranium Miners ETF Price Performance

The firm has a 50 day moving average price of $33.08 and a 200-day moving average price of $29.15.

Sprott Junior Uranium Miners ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $1.659 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 698.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC purchased a new stake in shares of Sprott Junior Uranium Miners ETF in the 4th quarter valued at approximately $6,404,000. Banco BTG Pactual S.A. purchased a new stake in shares of Sprott Junior Uranium Miners ETF during the 4th quarter worth $3,926,000. National Bank of Canada FI grew its stake in shares of Sprott Junior Uranium Miners ETF by 68.5% during the third quarter. National Bank of Canada FI now owns 92,602 shares of the company’s stock worth $2,680,000 after purchasing an additional 37,653 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Sprott Junior Uranium Miners ETF by 111.4% during the second quarter. Cetera Investment Advisers now owns 78,218 shares of the company’s stock worth $1,653,000 after purchasing an additional 41,210 shares in the last quarter. Finally, One Plus One Wealth Management LLC increased its holdings in Sprott Junior Uranium Miners ETF by 19.6% in the fourth quarter. One Plus One Wealth Management LLC now owns 66,566 shares of the company’s stock valued at $1,677,000 after buying an additional 10,922 shares during the last quarter.

Sprott Junior Uranium Miners ETF Company Profile

The Sprott Junior Uranium Miners ETF (URNJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Uranium Miners index. The fund seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. URNJ was launched on Dec 3, 2019 and is managed by Sprott.