Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) Sees Large Growth in Short Interest

Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,187 shares, a growth of 95.2% from the March 15th total of 608 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,497 shares, the days-to-cover ratio is currently 0.3 days.

Horizon Kinetics Energy and Remediation ETF Stock Performance

Shares of NVIR opened at $38.90 on Monday. The stock has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $35.12. Horizon Kinetics Energy and Remediation ETF has a 52-week low of $26.25 and a 52-week high of $41.31. The company has a market cap of $5.84 million, a price-to-earnings ratio of 17.75 and a beta of 0.48.

About Horizon Kinetics Energy and Remediation ETF

The Horizon Kinetics Energy and Remediation ETF (NVIR) is an exchange-traded fund that mostly invests in energy equity. The fund is actively managed to provide concentrated exposure to firms that are engaged in producing hydrocarbon-based energy or related remediation companies. Companies may be domiciled anywhere around the globe and of any capitalization. NVIR was launched on Feb 21, 2023 and is managed by Horizon.