Investors react well to the Global X Uranium ETF

Investors react well to the Global X Uranium ETF

The Global X Uranium ETF [URA] is expected to glow brightly once more in 2021.

The ETF ended 2020 at $15.33 before rising 0.9% to $15.47 on 19 January. On the same date last year, it stood at $10.71, sliding to $6.94 on 18 March as the coronavirus pandemic battered markets.

The fund reported cumulative year-to-date performance gains of 41.44 to the end of December 2020, while its net assets currently stand at $272.34m.

This compares with both the VanEck Vectors Uranium & Nuclear Energy ETF [NLR], which has $18.09m total assets and had a year-to-date total daily return of 3.5% on 31 December 2020, and the North Shore Global Uranium Mining ETF [URNM], with $47.71m of assets and a YTD total daily return of 7.66%.The Global X Uranium ETF was launched on 4 November 2010 and provides investors access to a broad range of companies involved in uranium mining and the […]

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