Sprotts adds to his position in UEC

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Uranium Energy Corp. (UEC)  {TSX.V: UEC} – Sprott Inc and several other asset managers have recently increased their holdings in UEC.

This is despite a low uranium price, making it uneconomic for UEC to produce currently.

 

 

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Sprott Inc. raised its position in shares of Uranium Energy Corp. {TSX.V: UEC}  by 41.8% during the second quarter, according to its most recent Form 13F filing with the SEC.

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The institutional investor owned 294,811 shares of the basic materials company’s stock after buying an additional 86,925 shares during the period. Sprott Inc. owned approximately 0.21% of Uranium Energy Corp. worth $469,000 as of its most recent SEC filing.

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A number of other hedge funds have also made changes to their positions in UEC:

  • Global X Management Co. LLC boosted its stake in shares of Uranium Energy Corp. by 111.0% in the first quarter.
  •  JPMorgan Chase & Co. boosted its stake in shares of Uranium Energy Corp. by 50.3% in the first quarter.
  • Vanguard Group Inc. boosted its stake in shares of Uranium Energy Corp. by 23.6% in the first quarter.
  • Geode Capital Management LLC boosted its stake in shares of Uranium Energy Corp. by 79.4% in the first quarter.
  • Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Uranium Energy Corp. by 137.3% in the first quarter.