Sprott Uranium Miners UCITS ETF (GBP) trading behaviour query

[thecusmar]

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.

[OfentseIG]

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.

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

[thecusmar]

Thanks for getting back to me, I will await your reply.

[thecusmar]

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,

 

[thecusmar]

[John]

Hey, I am looking for websites that would provide me with trading metrics based on my history of trades from IG.

Kind of chasingreturns, but that doesn't work with IG anymore. Do you know any?

Thanks!

[thecusmar]

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

Kind Regards,

Marcus

 

[OfentseIG]

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.