Stock Traders Buy Large Volume of Global X Uranium ETF Call Options (NYSEARCA:URA)

Global X Uranium ETF (NYSEARCA:URA) saw some unusual options trading activity on Thursday. Traders purchased 80,871 call options on the company. This represents an increase of 544% compared to the typical daily volume of 12,558 call options.

Global X Uranium ETF Price Performance

NYSEARCA:URA traded down $1.61 on Thursday, hitting $31.09. 4,443,810 shares of the company’s stock were exchanged, compared to its average volume of 4,210,311. The firm has a 50-day moving average price of $40.01 and a 200-day moving average price of $46.78. Global X Uranium ETF has a 52 week low of $30.40 and a 52 week high of $62.28. The company has a market cap of $4.33 billion, a P/E ratio of 37.39 and a beta of 1.28.

Institutional Investors Weigh In On Global X Uranium ETF

Several hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors bought a new position in shares of Global X Uranium ETF during the first quarter worth about $25,000. Manchester Capital Management LLC bought a new stake in Global X Uranium ETF in the third quarter valued at $26,000. Highland Investment Advisors LLC acquired a new position in shares of Global X Uranium ETF during the second quarter worth approximately $34,000. Costello Asset Management INC bought a new stake in shares of Global X Uranium ETF during the first quarter worth about $48,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Global X Uranium ETF in the 1st quarter valued at $48,000.

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.