Global X Uranium ETF (NYSEARCA:URA) Hits New 1-Year Low – Here’s What Happened

Shares of Global X Uranium ETF (NYSEARCA:URA) reached a new 52-week low on Friday. The stock traded as low as $33.29 and last traded at $33.6580, with a volume of 1,317,393 shares trading hands. The stock had previously closed at $35.72.

Global X Uranium ETF Price Performance

The firm has a market capitalization of $4.67 billion, a P/E ratio of 37.39 and a beta of 1.27. The firm’s fifty day moving average price is $41.04 and its 200-day moving average price is $47.16.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Global X Uranium ETF by 17.3% during the first quarter. Bank of America Corp DE now owns 6,432,719 shares of the company’s stock worth $311,537,000 after acquiring an additional 947,320 shares in the last quarter. Group One Trading LLC lifted its holdings in shares of Global X Uranium ETF by 226.7% in the first quarter. Group One Trading LLC now owns 1,751,918 shares of the company’s stock valued at $84,845,000 after purchasing an additional 1,215,634 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Global X Uranium ETF by 3.8% during the 1st quarter. Royal Bank of Canada now owns 961,461 shares of the company’s stock worth $46,564,000 after buying an additional 34,912 shares in the last quarter. Heartwood Wealth Advisors LLC increased its stake in shares of Global X Uranium ETF by 0.3% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 453,502 shares of the company’s stock worth $18,072,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Global X Uranium ETF during the third quarter worth about $17,697,000.

Global X Uranium ETF Company Profile

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.