Short Interest in Global X Uranium ETF (NYSEARCA:URA) Declines By 34.3%

Global X Uranium ETF (NYSEARCA:URA) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 3,271,677 shares, a decline of 34.3% from the December 31st total of 4,983,079 shares. Based on an average daily volume of 6,236,361 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.5% of the shares of the company are short sold. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 6,236,361 shares, the days-to-cover ratio is presently 0.5 days.

Global X Uranium ETF Stock Down 7.3%

URA traded down $4.34 during trading on Friday, reaching $54.99. 10,671,116 shares of the company were exchanged, compared to its average volume of 7,714,812. Global X Uranium ETF has a 12-month low of $19.50 and a 12-month high of $62.28. The company’s 50-day moving average is $48.89 and its two-hundred day moving average is $46.50. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 37.39 and a beta of 1.10.

Hedge Funds Weigh In On Global X Uranium ETF

A number of large investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Uranium ETF during the 3rd quarter worth approximately $60,255,000. Bensler LLC bought a new position in Global X Uranium ETF in the 3rd quarter valued at $19,836,000. National Bank of Canada FI grew its position in shares of Global X Uranium ETF by 11,792.0% during the 3rd quarter. National Bank of Canada FI now owns 388,631 shares of the company’s stock valued at $18,529,000 after purchasing an additional 385,363 shares in the last quarter. Stonebridge Financial Group LLC grew its position in shares of Global X Uranium ETF by 181,860.0% during the 2nd quarter. Stonebridge Financial Group LLC now owns 363,920 shares of the company’s stock valued at $14,124,000 after purchasing an additional 363,720 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new position in shares of Global X Uranium ETF in the fourth quarter worth $11,015,000.

About Global X Uranium ETF

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.