VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Short Interest Update

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 562,600 shares, agrowthof54.3% from the June 30th total of 364,600 shares. Based on an average daily volume of 338,100 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 338,100 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new stake in shares of VanEck Uranium and Nuclear ETF in the first quarter worth $30,000. Berkshire Money Management Inc. acquired a new stake in shares of VanEck Uranium and Nuclear ETF in the second quarter worth $33,000. Rosenberg Matthew Hamilton acquired a new stake in shares of VanEck Uranium and Nuclear ETF in the second quarter worth $33,000. Bank of Montreal Can grew its stake in shares of VanEck Uranium and Nuclear ETF by 107.4% in the fourth quarter. Bank of Montreal Can now owns 419 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of VanEck Uranium and Nuclear ETF in the fourth quarter worth $34,000.

VanEck Uranium and Nuclear ETF Stock Performance

NYSEARCA:NLR opened at $118.02 on Friday. The stock’s 50 day moving average price is $110.17 and its 200 day moving average price is $91.88. VanEck Uranium and Nuclear ETF has a 52 week low of $64.26 and a 52 week high of $122.27. The company has a market capitalization of $1.98 billion, a P/E ratio of 26.00 and a beta of 0.60.

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.