VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Short Interest Down 61.7% in June

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 151,742 shares, a drop of 61.7% from the May 31st total of 395,684 shares. Based on an average daily volume of 593,348 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On VanEck Uranium and Nuclear ETF

A number of institutional investors and hedge funds have recently modified their holdings of NLR. WPG Advisers LLC raised its holdings in VanEck Uranium and Nuclear ETF by 700.0% during the fourth quarter. WPG Advisers LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 175 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in VanEck Uranium and Nuclear ETF in the first quarter valued at $30,000. Advantage Trust Co acquired a new stake in VanEck Uranium and Nuclear ETF in the fourth quarter valued at $34,000. Bangor Savings Bank purchased a new position in shares of VanEck Uranium and Nuclear ETF in the fourth quarter valued at $35,000. Finally, Sound Income Strategies LLC increased its position in shares of VanEck Uranium and Nuclear ETF by 1,325.0% in the fourth quarter. Sound Income Strategies LLC now owns 285 shares of the company’s stock valued at $35,000 after buying an additional 265 shares in the last quarter.

VanEck Uranium and Nuclear ETF Stock Performance

NLR traded down $0.97 on Tuesday, hitting $115.98. 396,834 shares of the company were exchanged, compared to its average volume of 547,857. The business’s fifty day moving average is $132.25 and its 200 day moving average is $136.90. VanEck Uranium and Nuclear ETF has a fifty-two week low of $104.05 and a fifty-two week high of $168.12. The firm has a market capitalization of $4.13 billion, a P/E ratio of 26.00 and a beta of 0.81.

VanEck Uranium and Nuclear ETF Company Profile

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.