This ASX ETF just hit an all-time high. Too late to buy?

It hasn’t been a great day for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares so far this Tuesday. At the time of writing, the ASX 200 has slipped by 0.71%. But that hasn’t stopped one ASX exchange-traded fund (ETF) from hitting a new 52-week high.

That ETF is the BetaShares Global Uranium ETF ( ASX: URNM ). URNM units closed at $8.57 each yesterday afternoon. But this morning, this fund opened at $8.70 before climbing all the way up to $8.91 mid-morning. It’s currently sitting at $8.88 per unit, 3.62% higher than yesterday’s closing price.

That’s a new 52-week high for this BetaShares ETF. It’s also a new all-time record high for URNM, but that doesn’t really mean all that much when the fund was only listed on the ASX back in June 2022.

While a new 52-week high is always a happy occasion, today’s high watermark is just […]

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