Uranium ETFs surged on Monday, as the market reacted to President Donald Trump’s latest comments on the war with Iran. According to the President, the two countries had serious talks over the weekend and made real progress toward reaching an end to the war.
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To go along with this, President Trump said that the U.S. will hold off on any strikes against Iranian power plants and power infrastructure. This pause is set to last until Friday, which will allow more time for the U.S. and Iran to conduct negotiations.
This has been a major benefit to uranium ETFs, as strikes on Iran raised serious concerns about nuclear power. Additionally, the war caused supply issues with traditional fuel sources out of the Middle East. Investor morale increased alongside hope that the war in Iran would end sooner, rather than later.
Uranium ETFs Rally Today
Let’s check out how today’s news affected uranium ETFs below.
- Global X Uranium ETF (URA) was up 3.94% on Monday.
- NorthShore Global Uranium Mining ETF (URNM) rallied 3.77% as of this writing.
- Sprott Junior Uranium Miners ETF (URNJ) gained 3.84% this afternoon.
- VanEck Uranium + Nuclear Energy ETF (NLR) climbed 2.8% today.
Uranium ETF Comparisons: Which ETF Is the Best Buy?
Turning to the TipRanks ETF comparison tool, traders can get an idea of which of these uranium ETFs is the best investment. A favorite of traders is the Global X Uranium ETF. It has strong arguments in favor of an investment, including an AUM of $6.72 billion, an expense ratio of 0.69%, and a dividend yield of 4.49%. Investors will also note that URA has rocketed 82.91% higher over the past 12 months.
