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Uranium ETFs Roaring Back After $1 Billion Influx on Nuclear Bet

From bnnbloomberg.ca

The rally for two exchange-traded funds focused on uranium is surging back, delivering fresh gains to investors who’ve poured more than $1 billion into them this year in a bet on nuclear power’s resurgence. The NorthShore Global Uranium Mining ETF (ticker URNM) and the Global X Uranium ETF (URA) jumped 13.52% and 11.65%, respectively, on Tuesday, and extended the gains after markets opened Wednesday. The jumps end what had been a rocky start to October for both ETFs, which had pulled back from a steep rally in the face of rising fossil-fuel prices. Those gains tracked the price of Uranium higher as investors gave a ... (full story)

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  • Category: Fundamental Analysis