Uranium ETF Down 4.5% Today: Have Uranium Prices Topped?

The Global X Uranium ETF (URA) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -4.49% one-day return and trailing the wider markets by a total of 4.53 percentage points.

Behind The Losses

URA closed today at $16.61 per share, down $0.78 (-4.49%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.09 (+0.04%) on the day.

URA’s trading volume today was a total of 758,916 shares, which was a decrease of 9% versus its average daily trading volume of 837,976. 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 losses, URA has still surged 29.06% year-to-date, versus a 1.83% 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 $125.99M in assets under management (AUM), placing it #32 of 119 ETFs in its category, and #809 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. This index plunged today as uranium producers experienced a wide pullback.

URA SMART Grade

URA currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #52 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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