Short Interest in Global X Uranium ETF (NYSEARCA:URA) Decreases By 35.8%

Global X Uranium ETF (NYSEARCA:URA) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,520,321 shares, a drop of 35.8% from the March 15th total of 2,367,999 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 3,631,006 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Global X Uranium ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Global X Uranium ETF by 52.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 396,515 shares of the company’s stock worth $9,088,000 after purchasing an additional 136,499 shares during the last quarter. Empowered Funds LLC grew its stake in Global X Uranium ETF by 179.4% in the first quarter. Empowered Funds LLC now owns 50,688 shares of the company’s stock valued at $1,162,000 after purchasing an additional 32,544 shares during the last quarter. Cerity Partners LLC purchased a new position in Global X Uranium ETF in the second quarter valued at about $319,000. Qube Research & Technologies Ltd bought a new position in Global X Uranium ETF in the second quarter worth about $25,000. Finally, Main Street Financial Solutions LLC raised its holdings in Global X Uranium ETF by 17.8% in the second quarter. Main Street Financial Solutions LLC now owns 21,150 shares of the company’s stock worth $821,000 after purchasing an additional 3,200 shares in the last quarter.

Global X Uranium ETF Price Performance

Shares of URA stock traded up $2.00 during mid-day trading on Wednesday, hitting $54.84. The stock had a trading volume of 5,074,333 shares, compared to its average volume of 5,262,200. Global X Uranium ETF has a 12-month low of $22.12 and a 12-month high of $62.28. The firm has a market capitalization of $7.53 billion, a P/E ratio of 37.39 and a beta of 1.12. The firm’s 50-day moving average is $51.00 and its two-hundred day moving average is $50.07.

Global X Uranium ETF Company Profile

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.