Here’s why the Uranium ETF URA has gone vertical

The Global X Uranium ETF (URA) has bounced in the past few months as investors predict a renaissance in the nuclear energy industry. After dropping to a low of $22.76 on August 5, the fund has rebounded by over 42%, and is nearing its all-time high of $33.65.

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The Global X Uranium ETF has rallied as the prices of uranium continued rising. Data by Markets Insider shows that uranium has risen from $78 in August to $82.95 today.

Still, unlike in 2023 when uranium prices soared, they have come under intense pressure, this year as they dropped from $105 to a low of $78.This rebound happened as investors predicted that the nuclear energy industry will continue doing well in the next few years.For example, we recently wrote that […]

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