Nexgen Energy Ltd. (NYSE:NXE) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 6,454,850 shares, a growth of 46.6% from the August 15th total of 4,401,987 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 99,654 shares, the short-interest ratio is presently 64.8 days.
Nexgen Energy (NXE) traded down 0.82% during midday trading on Tuesday, reaching $2.42. The company’s stock had a trading volume of 86,222 shares. Nexgen Energy has a one year low of $1.05 and a one year high of $3.40. The stock’s market cap is $748.66 million. The stock’s 50 day moving average price is $2.33 and its 200-day moving average price is $2.27.
Several hedge funds have recently bought and sold shares of NXE. Global X Management Co. LLC purchased a new stake in shares of Nexgen Energy during the 2nd quarter worth about $33,623,000. Russell Investments Group Ltd. purchased a new stake in shares of Nexgen Energy during the 2nd quarter worth about $7,206,000. TD Asset Management Inc. purchased a new stake in shares of Nexgen Energy during the 2nd quarter worth about $4,384,000. Tanaka Capital Management Inc. purchased a new stake in shares of Nexgen Energy during the 2nd quarter worth about $3,948,000. Finally, Public Sector Pension investment Board purchased a new stake in shares of Nexgen Energy during the 2nd quarter worth about $3,487,000.
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Nexgen Energy Company Profile
Nuveen Arizona Dividend Advantage Municipal Fund 3 (the Fund) is a closed-ended fund. The Fund seeks to provide monthly tax-free income, portfolio diversification and after tax total returns. The fund’s investment objectives are to provide current income exempt from regular federal and Arizona income tax and to enhance portfolio value.
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