Global X Uranium ETF (NYSEARCA:URA) Shares Gap Down – Should You Sell?

Global X Uranium ETF (NYSEARCA:URA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $45.74, but opened at $43.70. Global X Uranium ETF shares last traded at $43.1640, with a volume of 1,497,449 shares changing hands.

Global X Uranium ETF Trading Down 5.2%

The business’s 50-day simple moving average is $47.29 and its 200 day simple moving average is $44.19. The company has a market capitalization of $4.65 billion, a P/E ratio of 37.39 and a beta of 1.10.

Institutional Investors Weigh In On Global X Uranium ETF

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Global X Uranium ETF by 1.5% in the third quarter. JPMorgan Chase & Co. now owns 2,188,532 shares of the company’s stock valued at $104,327,000 after buying an additional 31,802 shares during the period. Invesco Ltd. boosted its position in shares of Global X Uranium ETF by 3.1% during the 2nd quarter. Invesco Ltd. now owns 2,170,631 shares of the company’s stock valued at $84,242,000 after purchasing an additional 66,152 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Global X Uranium ETF in the 3rd quarter worth approximately $60,255,000. GenTrust LLC raised its holdings in shares of Global X Uranium ETF by 4.2% in the 2nd quarter. GenTrust LLC now owns 1,253,568 shares of the company’s stock worth $48,651,000 after purchasing an additional 50,763 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Global X Uranium ETF by 16.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,196,698 shares of the company’s stock worth $58,291,000 after buying an additional 172,288 shares in the last quarter.

About Global X Uranium ETF

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.