VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sets New 52-Week Low – Here’s Why

Shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $101.77 and last traded at $102.0570, with a volume of 114538 shares. The stock had previously closed at $103.46.

VanEck Uranium and Nuclear ETF Trading Down 0.4%

The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 26.00 and a beta of 0.86. The company has a 50 day simple moving average of $113.92 and a 200-day simple moving average of $123.81.

Institutional Investors Weigh In On VanEck Uranium and Nuclear ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co bought a new stake in VanEck Uranium and Nuclear ETF in the 1st quarter valued at approximately $30,000. Arlington Trust Co LLC boosted its position in VanEck Uranium and Nuclear ETF by 250.0% during the 2nd quarter. Arlington Trust Co LLC now owns 280 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Highland Investment Advisors LLC bought a new position in shares of VanEck Uranium and Nuclear ETF during the 2nd quarter worth approximately $32,000. Nalls Sherbakoff Group LLC bought a new position in shares of VanEck Uranium and Nuclear ETF during the 4th quarter worth approximately $35,000. Finally, Y.D. More Investments Ltd bought a new position in shares of VanEck Uranium and Nuclear ETF during the 1st quarter worth approximately $45,000.

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.