Uranium exchange-traded funds (ETFs) were on the rise Monday as nuclear stocks were in the limelight. This comes alongside the war between the U.S. and Iran. The U.S. struck Iran with missiles over the weekend, aiding Israel in an ongoing conflict between the it and Iran. At the heart of this was Iran’s push to develop nuclear energy and concerns about the ability to shift this to nuclear weapons.
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According to the latest reports, none of Iran’s nuclear energy facilities were hit during the recent attacks on the country. Iran has also taken a hard stance on nuclear energy, saying it refuses to back down from the development of the technology.
One potential factor that could change this is the death of Iranian Supreme Leader Ali Khamenei. He was killed on Saturday in a missile strike by Israel. With the death of the country’s leader, this could change how strongly Iran will stand behind its demands to be allowed to develop nuclear energy facilities.
Uranium ETF Movements Today
Here’s how uranium ETFs have moved on Monday:
- Global X Uranium ETF (URA) was up 2.15% today.
- NorthShore Global Uranium Mining ETF (URNM) rallied 3.03% as of this writing.
- Sprott Junior Uranium Miners ETF (URNJ) jumped 2.7% this afternoon.
- VanEck Uranium + Nuclear Energy ETF (NLR) climbed 2.35% on Monday.
Which Uranium ETF Is the Best Bet?
Turning to the TipRanks ETF comparison tool, traders can gain insight into the sector. This will help them be more informed with their investment decisions. For example, Global X Uranium ETF is an investor favorite, with its $7.62 billion AUM, 0.69% expense ratio, 3.84% dividend yield, and a 131.33% gain over the past 12 months.
