Short Interest in Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Rises By 83.4%

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 726,648 shares, an increase of 83.4% from the May 14th total of 396,238 shares. Based on an average daily volume of 280,400 shares, the short-interest ratio is currently 2.6 days. Currently, 4.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Sprott Junior Uranium Miners ETF during the 2nd quarter worth about $55,000. Simplex Trading LLC bought a new position in shares of Sprott Junior Uranium Miners ETF during the fourth quarter valued at $74,000. Group One Trading LLC bought a new position in shares of Sprott Junior Uranium Miners ETF during the fourth quarter worth about $79,000. Advisory Services Network LLC acquired a new stake in shares of Sprott Junior Uranium Miners ETF during the third quarter worth $143,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in Sprott Junior Uranium Miners ETF in the 3rd quarter valued at about $211,000.

Sprott Junior Uranium Miners ETF Stock Up 0.3%

Shares of URNJ opened at $26.00 on Tuesday. The company has a 50-day simple moving average of $29.11 and a 200-day simple moving average of $29.87. Sprott Junior Uranium Miners ETF has a 52 week low of $19.12 and a 52 week high of $40.81.

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.