URNJ ETF: Aggressive Bet on Surging Uranium Prices

Uranium prices have surged over the past year, and the Sprott Junior Uranium Miners ETF ( NASDAQ:URNJ ) is an aggressive way to invest in this theme, which could still have plenty of upside ahead.

I’m bullish on URNJ based on the strong potential for higher uranium demand over the long term, its portfolio of small-cap uranium mining stocks (which stand to benefit handsomely from this increased demand), and its attractive dividend yield. Plus, sell-side analysts see significant potential upside for this $413.3 million ETF. What Is the URNJ ETF’s Strategy?

According to Sprott ETFs, URNJ invests in an index that is “designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses.”

Sprott explains that this is the only pure-play ETF focused on smaller uranium miners, and it selects these uranium mining stocks for their “significant revenue and asset growth.”It’s worth noting that this is […]

Click here to view original web page at finance.yahoo.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.