Global X Uranium ETF (NYSEARCA:URA) Short Interest Down 35.8% in March

Global X Uranium ETF (NYSEARCA:URA) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,520,321 shares, a decrease of 35.8% from the March 15th total of 2,367,999 shares. Based on an average daily volume of 3,631,006 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the company’s stock are short sold.

Global X Uranium ETF Stock Performance

Shares of NYSEARCA:URA traded up $0.53 during trading hours on Thursday, reaching $55.37. The stock had a trading volume of 1,589,746 shares, compared to its average volume of 5,207,919. Global X Uranium ETF has a 1 year low of $22.12 and a 1 year high of $62.28. The firm’s 50 day moving average is $51.05 and its 200-day moving average is $50.10. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 37.39 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its position in shares of Global X Uranium ETF by 38.4% in the 4th quarter. Morgan Stanley now owns 3,550,762 shares of the company’s stock valued at $151,724,000 after buying an additional 985,807 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Global X Uranium ETF by 11.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,430,935 shares of the company’s stock valued at $103,874,000 after buying an additional 242,403 shares during the last quarter. Phoenix Financial Ltd. purchased a new position in shares of Global X Uranium ETF in the 4th quarter valued at $90,486,000. Wells Fargo & Company MN grew its position in shares of Global X Uranium ETF by 8.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,978,480 shares of the company’s stock valued at $84,540,000 after buying an additional 148,707 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Global X Uranium ETF by 7.3% in the 4th quarter. LPL Financial LLC now owns 1,698,090 shares of the company’s stock valued at $72,559,000 after buying an additional 115,137 shares during the last quarter.

Global X Uranium ETF Company Profile

The Global X Uranium ETF (URA) 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 involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.