Uranium funds surf price surge in renewed bets on nuclear power
Thursday, September 15th, 2022
Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power.
The $1.8-billion Global X Uranium ETF (ticker URA) has rallied about 30% and the $1-billion Sprott Uranium Miners ETF (ticker URNM) is up nearly 43% from their July 6 lows. Meanwhile, the Sprott Physical Uranium Trust, which holds about $3-billion worth of the radioactive material, has jumped about 30% since its July 13 bottom.