VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Reaches New 12-Month Low – Here’s Why

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) shares reached a new 52-week low on Thursday. The company traded as low as $101.21 and last traded at $101.5410, with a volume of 221611 shares traded. The stock had previously closed at $105.27.

VanEck Uranium and Nuclear ETF Stock Performance

The company has a market cap of $3.47 billion, a PE ratio of 26.00 and a beta of 0.88. The firm’s 50 day moving average is $113.63 and its 200-day moving average is $122.68.

Institutional Inflows and Outflows

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

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.