Markit: Long-term investors eyeing more nuclear power

Even as governments are selling off uranium as part of disarmament agreements, pushing down the price, investors with a longer-term horizon appear to be warming to nuclear power, a Markit analysis says.

The NAV of the Global X Uranium ETF (URA) has declined almost a fifth YTD, yet it has posted fund inflows of $11.9M, increasing total assets under management to $122.5M; the NAV of the Market Vectors Uranium + Nuclear Energy ETF (NLR) has climbed 5.9% and inflows have totaled $28.9M.

However, short interest in Cameco (CCJ) has risen 220% in the past month, while short interest in Exelon (EXC) and Dominion Resources (D) have jumped by double digits.

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