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Sprott Uranium Miners ETF (URNM)URNM
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: URNM (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 5.18% | Upturn Advisory Performance  2 | Avg. Invested days: 44 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 5.18% | Avg. Invested days: 44 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 467922 | Beta 0.73 |
52 Weeks Range 36.91 - 60.16 | Updated Date 09/19/2024 |
52 Weeks Range 36.91 - 60.16 | Updated Date 09/19/2024 |
AI Summarization
Overview of ETF Sprott Uranium Miners ETF (URNM)
Profile:
- Primary Focus: URNM invests primarily in equities of companies engaged in exploration, development, and/or production of uranium.
- Asset Allocation: Approximately 95% in equities, 5% or less in non-equity investments such as exchange-traded products.
- Investment Strategy: Passively tracks the North American Uranium & Nuclear Index, providing diversified exposure to the global uranium mining sector.
Objective:
- To track the performance of the North American Uranium & Nuclear Index, providing investors with a convenient and efficient way to gain diversified exposure to companies involved in the uranium sector.
Issuer:
- Sprott Asset Management LP:
- Established track record in natural resource investing, specializing in precious metals, uranium, and agriculture.
- Well-respected in the ETF industry, known for responsible investment practices and innovative product development.
- Management team with extensive experience and expertise in uranium sector analysis.
Market Share:
- Controls approximately 68% of its peer group, making URNM the largest uranium-focused ETF.
Total Net Assets:
- $239.5 Million USD (as of November 16, 2023).
Moat:
- Diversified holdings across the global uranium mining industry.
- Access to experienced and knowledgeable portfolio management team.
- First-mover advantage within the niche market of uranium-focused ETFs.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sprott Uranium Miners ETF
The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that devote at least 50% of their assets to (i) mining, exploration, development, and production of uranium; and/or (ii) holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry. It is non-diversified.
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