Jump to content

Sprott Uranium Miners UCITS ETF (GBP) trading behaviour query


thecusmar

Recommended Posts

Hi there,

Just wondering if anyone can explain this trading behavior for the Sprott Uranium Miners etf?

Why is there a 700p ceiling? - clearly no-one needs to be buying this stock at that price considering what all the opens are at? - is it because this is the UK version of a US etf that tracks the same stocks & any movement on the US one creates a change on the UK one, I can't understand it!

Any help would be appreciated, thanks in advance.

image.thumb.png.ebdba6bf0a51d647bf6a0bc8e02334c0.png

Link to comment
4 hours ago, thecusmar said:

Hi there,

Just wondering if anyone can explain this trading behavior for the Sprott Uranium Miners etf?

Why is there a 700p ceiling? - clearly no-one needs to be buying this stock at that price considering what all the opens are at? - is it because this is the UK version of a US etf that tracks the same stocks & any movement on the US one creates a change on the UK one, I can't understand it!

Any help would be appreciated, thanks in advance.

image.thumb.png.ebdba6bf0a51d647bf6a0bc8e02334c0.png

Hi @thecusmar

Thank you for reaching out. 

We have escalated this to the relevant team. We need to investigate if this was caused by price movement in the underlying market or incorrect chart spikes. I apologize for the inconvenience. We will have an update for you soon. All the best, OfentseIG

Link to comment

Hi there,
Any update on this stock trading behavior please?
I'm wishing to purchase this morning but it's again displaying a buy of 706.1 but it's actually more like 615 when I look on Yahoo Finance!
I don't trust what I see so am reluctant to trade it.

Please help,

 

Link to comment
On 14/11/2022 at 21:59, thecusmar said:

Please can you offer an update, this request is 10 days old now.

Kind Regards,

Marcus

 

Hi @thecusmar

The chart is correct in reflecting the cash price of the underlying asset. It appears this is an illiquid stock. If you believe that the chart was not reflecting the correct cash price, please confirm the time and date for further investigation. All the best, OfentseIG.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I am a little puzzled about the claim of the DAX being an easy market to trade. Moreover, thank you for the charts examples, but I am skeptical about that too. I am too old in this game to believe any claim made on an historical piece of data. But please do give me some more pieces of hard tangible evidence that the DAX may be an easier market than let's say the Dow or the S&P. I can allow for my mind to be changed. In the mean-time I believe that trading is a minefield, and I am never careful enough. The DAX is no exception as far as I am concerned. All the best
    • The current global economic uncertainty has increased significantly, with consecutive declines in the US stock market and surging US Treasury yields putting pressure on global stock markets. Particularly for the Australian ASX 200 index, these factors directly influence investor confidence and market dynamics. Thomas McGee mentioned that the "higher for longer" rate policy of US may lead to global liquidity tightening, affecting liquidity and stock performance in the Australian market. Furthermore, historic highs in copper prices also indicate potential cost pressures and profitability challenges for resource-intensive markets like ASX 200. Performance Releases of Mining Giants and Market Expectations With several mining giants set to announce their March quarter financial results, market focus has shifted to the performance of these companies and their potential impact on the stock market. Thomas McGee believes that these results not only provide crucial information about industry health but also guide market sentiment and investment decisions. Against the backdrop of potential global demand slowdown, the production and profit performance of these mining companies will be a key focus for investors. Additionally, this serves as an important indicator to assess whether market expectations for future economic conditions are overly pessimistic. Investment Strategies and Market Outlook Considering the current global economic situation and domestic market dynamics, Thomas McGee emphasizes that investors need to adopt more cautious strategies and pay attention to changes in macroeconomic indicators and industry fundamentals. For ASX 200 investors, this means potentially adjusting portfolios and prioritizing industries that can withstand economic fluctuations and policy changes. Furthermore, maintaining sensitivity to changes in international financial markets and timely adjusting strategies will be crucial in addressing future market challenges. Through continuous market analysis and prudent risk management, investors can find opportunities for growth and returns in an unstable market environment.
    • Hi @chemist66, we may need to look into your account to understand why it's not going through. Could you please send an email to helpdesk.uk@ig.com from your registered email address with your query? This way, we can investigate and assist you further. Regards, AshishIG
×
×
  • Create New...
us