Nexgen Energy Ltd. (NYSE:NXE) saw a significant increase in short interest in October. As of October 13th, there was short interest totalling 7,358,859 shares, an increase of 6.2% from the September 29th total of 6,932,017 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,906 shares, the days-to-cover ratio is presently 199.4 days.

Shares of Nexgen Energy (NXE) traded up 0.47% during mid-day trading on Tuesday, hitting $2.13. The stock had a trading volume of 54,310 shares. The company’s market capitalization is $658.94 million. Nexgen Energy has a 1-year low of $1.05 and a 1-year high of $3.40. The stock’s 50-day moving average price is $2.28 and its 200 day moving average price is $2.27.

A number of institutional investors and hedge funds have recently modified their holdings of NXE. Russell Investments Group Ltd. acquired a new position in Nexgen Energy in the 2nd quarter worth about $7,206,000. Great West Life Assurance Co. Can acquired a new position in Nexgen Energy in the 2nd quarter worth about $111,000. CIBC Asset Management Inc acquired a new position in Nexgen Energy in the 2nd quarter worth about $242,000. TD Asset Management Inc. acquired a new position in Nexgen Energy in the 2nd quarter worth about $4,384,000. Finally, Global X Management Co. LLC acquired a new position in Nexgen Energy in the 2nd quarter worth about $33,623,000.

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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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