Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) Sees Large Decrease in Short Interest

Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 608 shares, a decrease of 83.4% from the February 26th total of 3,652 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 3,093 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 3,093 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the company’s stock are short sold.

Horizon Kinetics Energy and Remediation ETF Stock Performance

NVIR traded up $0.54 during mid-day trading on Tuesday, reaching $40.74. 6,849 shares of the stock were exchanged, compared to its average volume of 2,006. Horizon Kinetics Energy and Remediation ETF has a 1 year low of $25.57 and a 1 year high of $41.07. The stock has a market capitalization of $4.89 million, a PE ratio of 17.75 and a beta of 0.62. The company has a 50 day moving average price of $37.59 and a two-hundred day moving average price of $34.27.

About Horizon Kinetics Energy and Remediation ETF

The Horizon Kinetics Energy and Remediation ETF (NVIR) is an exchange-traded fund that mostly invests in energy equity. The fund is actively managed to provide concentrated exposure to firms that are engaged in producing hydrocarbon-based energy or related remediation companies. Companies may be domiciled anywhere around the globe and of any capitalization. NVIR was launched on Feb 21, 2023 and is managed by Horizon.