Uranium exchange-traded funds (ETFs) rallied on Wednesday alongside more moves from U.S. states that are interested in nuclear energy.
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The first bit of nuclear energy news comes from Wisconsin. Governor Tony Evers checked in on a research collaboration project between the Public Service Commission and the UW–Madison Department of Nuclear Engineering and Engineering Physics. The two are working together to evaluate the use of nuclear energy in the state.
A more aggressive push for nuclear energy comes from Illinois Governor JB Pritzker. He signed an executive order that sets a goal for the development of new nuclear power plants to begin by 2033. Pritzker’s executive order wants the state to produce enough nuclear energy to power 2 million homes, which is roughly 36.4% of the estimated 5.5 million homes in the state.
Uranium ETF Movements Today
Here’s how uranium ETFs moved on Wednesday.
- Global X Uranium ETF (URA) was up 1.67% today.
- NorthShore Global Uranium Mining ETF (URNM) rallied 0.85% as of this writing.
- Sprott Junior Uranium Miners ETF (URNJ) gained 1.26% this afternoon.
- VanEck Uranium + Nuclear Energy ETF (NLR) jumped 1.24% on Wednesday.
Uranium ETF Comparisons
With uranium ETFs up today, some investors might be interested in them. Fortunately, TipRanks’ ETF comparison tool can help. Investors will find the latest movement, AUM, expense ratio, dividend yield, and year-over-year performance for these ETFs below.
After a quick look at these comparisons, Global X Uranium ETF stands out as a strong uranium ETF. The ETF’s AUM is $7.47 billion, it has an expense ratio of 0.69%, its dividend yield is 3.79%, and it has rallied 118.23% over the past 12 months.
