Short Interest in VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Declines By 61.7%

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 151,742 shares, a drop of 61.7% from the May 31st total of 395,684 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 593,348 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Uranium and Nuclear ETF Stock Down 0.9%

NYSEARCA:NLR opened at $116.30 on Friday. VanEck Uranium and Nuclear ETF has a 52 week low of $104.05 and a 52 week high of $168.12. The stock’s fifty day moving average is $132.82 and its two-hundred day moving average is $137.00. The company has a market capitalization of $4.14 billion, a P/E ratio of 26.00 and a beta of 0.81.

Institutional Trading of VanEck Uranium and Nuclear ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Collaborative Wealth Managment Inc. boosted its stake in VanEck Uranium and Nuclear ETF by 2.2% during the fourth quarter. Collaborative Wealth Managment Inc. now owns 3,213 shares of the company’s stock worth $399,000 after buying an additional 68 shares during the period. Financial Freedom LLC raised its stake in shares of VanEck Uranium and Nuclear ETF by 11.8% in the 1st quarter. Financial Freedom LLC now owns 681 shares of the company’s stock valued at $91,000 after acquiring an additional 72 shares during the period. Adirondack Trust Co. raised its stake in shares of VanEck Uranium and Nuclear ETF by 6.7% in the 4th quarter. Adirondack Trust Co. now owns 1,192 shares of the company’s stock valued at $148,000 after acquiring an additional 75 shares during the period. Beaumont Financial Advisors LLC lifted its holdings in shares of VanEck Uranium and Nuclear ETF by 0.7% in the 1st quarter. Beaumont Financial Advisors LLC now owns 12,065 shares of the company’s stock worth $1,607,000 after acquiring an additional 80 shares during the last quarter. Finally, Berger Financial Group Inc lifted its holdings in shares of VanEck Uranium and Nuclear ETF by 1.8% in the 1st quarter. Berger Financial Group Inc now owns 4,775 shares of the company’s stock worth $636,000 after acquiring an additional 84 shares during the last quarter.

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.