Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) Sees Significant Decline in Short Interest

Horizon Kinetics Energy and Remediation ETF (NYSEARCA:NVIR) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 207 shares, a drop of 82.6% from the March 31st total of 1,187 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,838 shares, the days-to-cover ratio is presently 0.1 days.

Horizon Kinetics Energy and Remediation ETF Stock Performance

Shares of NVIR traded up $0.05 during midday trading on Friday, hitting $39.80. The company had a trading volume of 1,494 shares, compared to its average volume of 1,806. The company’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $35.53. The firm has a market capitalization of $5.97 million, a P/E ratio of 17.75 and a beta of 0.48. Horizon Kinetics Energy and Remediation ETF has a 1 year low of $28.24 and a 1 year high of $41.31.

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.