The Uranium ETF, Up 4.87%, Was Monday’s Best Performing Fund

The Global X Uranium ETF (URA) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. on Monday on a percentage basis, producing a +4.87% one-day return and outperforming the wider markets by a total of 5.13 percentage points.

Behind The Gains

URA closed today at $16.79 per share, up $0.78 (+4.87%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed down $-0.59 (-0.26%) on the day.

URA’s trading volume today was a total of 1,635,575 shares, which was an increase of 106% versus its average daily trading volume of 793,053. 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 30.46% year-to-date, versus a 1.17% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

Global X Uranium ETF is an Equity-focused product issued by Global X Management. Its expense ratio of 0.70% makes it the #45 cheapest ETF among 119 total funds in the Commodity ETFs category.

URA currently boasts $209M 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. This is a relatively small fund, but interest in it is rising sharply.

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. Looking at URA’s holdings, we find heavy exposure to Cameco Corp (21.05%) and Nexgen Energy (12.21%), two top uranium producers (although Nexgen is still considered exploration stage). Both of these stocks have surged since early November, helping propel URA close to new highs.

URA SMART Grade

URA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #22 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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