Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Reaches New 52-Week High – Should You Buy?

Shares of Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) hit a new 52-week high on Wednesday . The stock traded as high as $38.23 and last traded at $38.5450, with a volume of 25391 shares trading hands. The stock had previously closed at $36.57.

Sprott Junior Uranium Miners ETF Stock Performance

The firm’s 50 day simple moving average is $28.56 and its 200-day simple moving average is $26.62.

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. This represents a yield of 698.0%. The ex-dividend date was Thursday, December 18th.

Institutional Investors Weigh In On Sprott Junior Uranium Miners ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Sprott Junior Uranium Miners ETF in the second quarter valued at about $55,000. Simplex Trading LLC acquired a new position in Sprott Junior Uranium Miners ETF during the second quarter valued at approximately $134,000. Group One Trading LLC raised its stake in Sprott Junior Uranium Miners ETF by 103.2% during the 2nd quarter. Group One Trading LLC now owns 6,531 shares of the company’s stock worth $138,000 after buying an additional 210,022 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Sprott Junior Uranium Miners ETF during the third quarter worth about $143,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Sprott Junior Uranium Miners ETF in the 3rd quarter valued at approximately $211,000.

About Sprott Junior Uranium Miners ETF

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.