With clean energy on the rise and coal seemingly on its last legs, there’s plenty of talk about the power sources of the future. Uranium and the Global X Uranium ETF (URA) want to take part in that conversation.
URA seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium & Nuclear Components Total Return Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the underlying index.
Investors are starting to embrace the URA story. Last Friday, the fund surged 7.12% on volume that was more than quadruple the daily average.
“Uranium stocks soared on Friday after House and Senate lawmakers revealed a compromise version of the annual National Defense Authorization Act. According to […]
December 8, 2020 (updated December 8, 2020) Published by StockMan