VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Short Interest Up 79.0% in August

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 533,147 shares, a growth of 79.0% from the July 30th total of 297,817 shares. Based on an average daily volume of 347,663 shares, the short-interest ratio is currently 1.5 days. Approximately 1.5% of the shares of the company are sold short.

VanEck Uranium and Nuclear ETF Stock Down 1.4%

NLR traded down $1.71 during midday trading on Tuesday, reaching $116.52. The company had a trading volume of 147,187 shares, compared to its average volume of 507,560. The business has a 50-day moving average of $114.24 and a two-hundred day moving average of $128.87. The company has a market cap of $4.14 billion, a P/E ratio of 26.00 and a beta of 0.85. VanEck Uranium and Nuclear ETF has a 1 year low of $101.92 and a 1 year high of $168.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in VanEck Uranium and Nuclear ETF by 468.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,764 shares of the company’s stock worth $2,694,000 after acquiring an additional 30,295 shares during the period. Empowered Funds LLC purchased a new position in shares of VanEck Uranium and Nuclear ETF during the 1st quarter valued at $653,000. JPMorgan Chase & Co. lifted its stake in shares of VanEck Uranium and Nuclear ETF by 197.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 592 shares of the company’s stock valued at $66,000 after buying an additional 393 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in VanEck Uranium and Nuclear ETF by 60.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,100 shares of the company’s stock worth $122,000 after buying an additional 413 shares during the period. Finally, Walleye Capital LLC bought a new position in VanEck Uranium and Nuclear ETF in the 2nd quarter worth $440,000.

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.