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The Uranium ETF Is On Fire, Leads All ETFs In Gains For A Second Straight Day
The Global X Uranium ETF (URA) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +7.21% one-day return and outperforming the wider markets by a total of 6.57 percentage points.
Behind The Gains
URA closed today at $18.00 per share, up $1.21 (+7.21%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $1.45 (+0.64%) on the day.
This is the second straight day that URA led all ETFs in daily performance.
URA’s trading volume today was a total of 1,791,682 shares, which was an increase of 108% versus its average daily trading volume of 859,632. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.
Including any dividends as well as today’s gains, URA has now returned a total of 39.86% year-to-date, versus a 1.82% gain in the S&P 500 during the same timeframe.
A Look Under The Hood
Global X Uranium ETF is a Equity-focused product issued by Global X Mgt. Its expense ratio of 0.70% makes it the #45 cheapest ETF among 119 total funds in the Commodity ETFs category.
URA currently boasts $125.99M in assets under management (AUM), placing it #32 of 119 ETFs in its category, and #808 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the Global X Uranium ETF is to provide investment results that correspond generally to the price and yield performance of the Solactive Global Uranium Total Return Index. You’ll find several foreign uranium producers, including exploratory stage equities, in this fund.
URA SMART Grade
URA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #20 of 120 funds in the Commodity ETFs category.
For more information about this ETF, including full ratings, news, data, and more, please visit URA’s ticker page.
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