NexGen Energy Ltd. (NYSE:NXE) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 7,522,109 shares, a growth of 2.2% from the October 13th total of 7,358,859 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 149,442 shares, the days-to-cover ratio is currently 50.3 days.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global X MANAGEMENT CO LLC grew its holdings in NexGen Energy by 4.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 15,870,393 shares of the company’s stock valued at $35,151,000 after buying an additional 655,596 shares during the last quarter. Global X Management Co. LLC acquired a new stake in NexGen Energy in the 2nd quarter valued at approximately $33,623,000. Russell Investments Group Ltd. grew its holdings in shares of NexGen Energy by 30.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,262,295 shares of the company’s stock worth $9,449,000 after purchasing an additional 1,002,857 shares in the last quarter. TD Asset Management Inc. acquired a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $4,384,000. Finally, Tanaka Capital Management Inc. acquired a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $3,948,000.
Shares of NexGen Energy (NYSE NXE) opened at $2.32 on Friday. NexGen Energy has a fifty-two week low of $1.12 and a fifty-two week high of $3.40.
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About NexGen Energy
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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