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

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) was the target of a significant increase in short interest in 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. Based on an average daily volume of 347,663 shares, the short-interest ratio is currently 1.5 days. Approximately 1.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Institutional investors have recently modified their holdings of the business. IMC Chicago LLC raised its stake in VanEck Uranium and Nuclear ETF by 101.5% during the second quarter. IMC Chicago LLC now owns 15,482 shares of the company’s stock worth $1,796,000 after acquiring an additional 1,067,228 shares in the last quarter. LPL Financial LLC lifted its holdings 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 acquiring an additional 313,143 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of VanEck Uranium and Nuclear ETF by 32.0% in the 1st 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. Raymond James Financial Inc. boosted its stake in shares of VanEck Uranium and Nuclear ETF by 89.6% in the 3rd quarter. Raymond James Financial Inc. now owns 439,573 shares of the company’s stock valued at $59,628,000 after purchasing an additional 207,770 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of 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 purchasing an additional 168,224 shares in the last quarter.

VanEck Uranium and Nuclear ETF Trading Up 0.1%

NYSEARCA NLR traded up $0.11 on Monday, hitting $118.23. 278,206 shares of the company’s stock were exchanged, compared to its average volume of 509,769. The stock has a 50-day moving average of $114.24 and a 200-day moving average of $128.87. VanEck Uranium and Nuclear ETF has a 52 week low of $101.92 and a 52 week high of $168.12. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 26.00 and a beta of 0.85.

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.