VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sees Significant Increase in Short Interest

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 533,147 shares, an increase of 79.0% from the July 30th total of 297,817 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 347,663 shares, the short-interest ratio is presently 1.5 days.

VanEck Uranium and Nuclear ETF Stock Performance

Shares of NLR stock traded down $6.90 on Friday, reaching $118.12. 570,791 shares of the company’s stock traded hands, compared to its average volume of 511,170. The company has a market capitalization of $4.20 billion, a P/E ratio of 26.00 and a beta of 0.85. VanEck Uranium and Nuclear ETF has a 12-month low of $101.92 and a 12-month high of $168.12. The business’s 50 day moving average price is $114.37 and its two-hundred day moving average price is $129.20.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

A number of large investors have recently made changes to their positions in the business. LPL Financial LLC lifted its position in shares of VanEck Uranium and Nuclear ETF by 20.1% in the fourth quarter. LPL Financial LLC now owns 1,871,939 shares of the company’s stock worth $232,495,000 after purchasing an additional 313,143 shares in the last quarter. Bank of America Corp DE grew its position in VanEck Uranium and Nuclear ETF by 32.0% during the first quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock valued at $153,035,000 after purchasing an additional 278,767 shares in the last quarter. Morgan Stanley increased its stake in VanEck Uranium and Nuclear ETF by 17.4% in the 4th quarter. Morgan Stanley now owns 1,133,847 shares of the company’s stock valued at $140,824,000 after buying an additional 168,224 shares during the period. Cetera Investment Advisers lifted its position in VanEck Uranium and Nuclear ETF by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock worth $62,730,000 after buying an additional 70,294 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of VanEck Uranium and Nuclear ETF by 89.6% during the 3rd quarter. Raymond James Financial Inc. now owns 439,573 shares of the company’s stock valued at $59,628,000 after buying an additional 207,770 shares during the period.

About VanEck Uranium and Nuclear ETF

The VanEck Uranium+Nuclear Energy ETF (NLR) 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 in the global nuclear energy industry. NLR was launched on Aug 13, 2007 and is managed by VanEck.