VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sets New 1-Year Low – What’s Next?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) shares hit a new 52-week low on Wednesday. The stock traded as low as $88.50 and last traded at $88.2050, with a volume of 109,139 shares. The stock had previously closed at $90.04.

VanEck Uranium and Nuclear ETF Stock Down 2.0%

The company has a market capitalization of $2.96 billion, a PE ratio of 26.00 and a beta of 0.91. The stock’s fifty day simple moving average is $105.64 and its 200-day simple moving average is $125.04.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Hedge funds have recently bought and sold shares of the company. Stonebridge Financial Group LLC raised its stake in VanEck Uranium and Nuclear ETF by 9.4% during the third quarter. Stonebridge Financial Group LLC now owns 63,737 shares of the company’s stock valued at $6,594,000 after buying an additional 5,481 shares in the last quarter. Echo45 Advisors LLC grew its position in shares of VanEck Uranium and Nuclear ETF by 28.4% in the 2nd quarter. Echo45 Advisors LLC now owns 25,223 shares of the company’s stock worth $2,925,000 after acquiring an additional 5,577 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of VanEck Uranium and Nuclear ETF by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 117,133 shares of the company’s stock worth $15,601,000 after acquiring an additional 12,866 shares in the last quarter. GoalVest Advisory LLC grew its position in shares of VanEck Uranium and Nuclear ETF by 513.9% in the 3rd quarter. GoalVest Advisory LLC now owns 36,061 shares of the company’s stock worth $3,731,000 after acquiring an additional 30,187 shares in the last quarter. Finally, Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in shares of VanEck Uranium and Nuclear ETF in the 2nd quarter valued at approximately $1,572,000.

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.