Uranium ETFs took a beating on Tuesday, alongside a new deadline set by President Donald Trump. The president told Iran that it has until 8:00 p.m. tonight to reach an agreement with the U.S. or major strikes will be made against the country.
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Here’s what President Trump said about these planned strikes:
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will. However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS? We will find out tonight, one of the most important moments in the long and complex history of the World. 47 years of extortion, corruption, and death, will finally end. God Bless the Great People of Iran!”
President Trump’s threats against Iran have rocked the stock market today, sending many shares lower. Uranium ETFs haven’t escaped this trend.
Uranium ETFs Fall Today
Here’s how uranium ETFs reacted to President Trump’s threats of strikes against Iran.
- Sprott Junior Uranium Miners ETF (URNJ) was down 3.2% as of this writing.
- Global X Uranium ETF (URA) fell 2.63% this afternoon.
- NorthShore Global Uranium Mining ETF (URNM) dipped 2.56% today.
- VanEck Uranium + Nuclear Energy ETF (NLR) dropped 2.62% on Tuesday.
Which Uranium ETF Is the Best Bet?
Turning to the TipRanks ETF comparison tool, traders can obtain additional insight into uranium ETFs. Sprott Junior Uranium Miners ETF stands out among the ones listed above with its year-over-year increase of 141.88%, the largest of the four. It also has AUM of $421.89 million, an expense ratio of 0.8%, and a dividend yield of 5.71%.
