Sprott Uranium Miners ETF
URNM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 320 Post Road, Suite 230 Darien CT United States of America 6820
- IPO Date
- Dec 4, 2019
- CIK
- 0001452937
- Website
- sprottetfs.com
- Similar Companies
- Business
- Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the North Shore Global Uranium Mining Index before fees and expenses. The ETF offers investors targeted exposure to the uranium mining sector through a portfolio of equity securities of companies involved in uranium mining, exploration, development, production, and related activities; it primarily invests in common stocks and American Depositary Receipts (ADRs) of uranium-focused companies, with holdings including major producers such as Cameco Corp., Kazatomprom, and NexGen Energy Ltd., as well as smaller explorers and developers. Geographically, URNM's holdings span operations across North America, Australia, Kazakhstan, and other key uranium-producing regions, serving institutional and retail investors seeking commodity-linked exposure without direct physical asset ownership. Managed by Sprott Asset Management LP, a subsidiary of Sprott Inc., the ETF was launched in December 2019 and is domiciled in the United States with its principal operations based in Toronto, Canada, aligning with Sprott Inc.'s headquarters. The fund operates within the broader natural resources and alternative investments segment, targeting investors interested in nuclear energy transition themes and uranium supply dynamics. It employs a market-capitalization-weighted methodology for index tracking, with no leverage or derivatives, focusing on pure-play uranium equities while maintaining liquidity through NYSE Arca listing. Recent developments include significant assets under management growth exceeding $1.5 billion as of late 2024, driven by heightened demand for uranium amid global nuclear power expansion; in 2024, Sprott Inc. announced strategic initiatives to enhance uranium-focused offerings, including increased physical uranium trust holdings that complement URNM's equity strategy. No major acquisitions, name changes, or reorganizations have occurred for URNM itself within the last two years, though the fund benefited from Sprott's broader partnership expansions in precious metals and energy transition assets. These changes underscore URNM's role in capitalizing on uranium market rallies, with average holdings turnover reflecting sector volatility.