Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) Short Interest Down 53.4% in July

Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 536,367 shares, a decrease of 53.4% from the July 15th total of 1,151,922 shares. Based on an average daily volume of 188,174 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.7% of the company’s stock are short sold.

Institutional Trading of Sprott Junior Uranium Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new position in Sprott Junior Uranium Miners ETF during the second quarter valued at approximately $215,000. Allied Private Wealth LLC acquired a new position in shares of Sprott Junior Uranium Miners ETF during the 2nd quarter worth approximately $39,000. Tactive Advisors LLC increased its position in shares of Sprott Junior Uranium Miners ETF by 5.4% during the 2nd quarter. Tactive Advisors LLC now owns 32,880 shares of the company’s stock worth $764,000 after purchasing an additional 1,685 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Sprott Junior Uranium Miners ETF by 3,535.2% during the 1st quarter. Royal Bank of Canada now owns 31,990 shares of the company’s stock worth $937,000 after purchasing an additional 31,110 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Sprott Junior Uranium Miners ETF by 18.1% during the 1st quarter. Cetera Investment Advisers now owns 69,662 shares of the company’s stock worth $2,040,000 after purchasing an additional 10,659 shares in the last quarter.

Sprott Junior Uranium Miners ETF Stock Up 0.1%

URNJ stock traded up $0.02 during midday trading on Friday, hitting $24.42. The company’s stock had a trading volume of 250,217 shares, compared to its average volume of 406,508. The company’s fifty day moving average price is $23.54 and its 200 day moving average price is $28.44. Sprott Junior Uranium Miners ETF has a twelve month low of $19.45 and a twelve month high of $40.81.

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.