Uranium ETFs fell on Thursday alongside reports that the U.S. and Iran are having trouble reaching a peace agreement. The war in Iran has been bad for nuclear energy stocks, as the market has been stressed by attacks on Iran’s infrastructure. This has highlighted concerns about the alternative energy source.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Unfortunately for nuclear energy stocks, the war in Iran had come at a time when many nations around the world had revealed plans to switch to nuclear energy. While those plans will take years to come to fruition, the war has called the switch into question. Even so, many governments appear to have no plans to back away from nuclear energy.
If a peace agreement is reached, it would likely be a boon to nuclear energy stocks and uranium ETFs. That means investors who already have stakes in such assets may want to weather the recent drops until the war is over. On that same note, today’s drop could be an attractive entry point for new investors.
Uranium ETFs Fall Today
Here’s how uranium ETFs moved today:
- Global X Uranium ETF (URA) was down 3.76% on Thursday.
- NorthShore Global Uranium Mining ETF (URNM) fell 4.23% this afternoon.
- Sprott Junior Uranium Miners ETF (URNJ) dropped 5.05% as of this writing.
- VanEck Uranium + Nuclear Energy ETF (NLR) slipped 3.91% today.
URA vs. URNM vs. URNJ vs. NLR: Which Uranium ETF Is the Best Investment?
Turning to the TipRanks ETF comparison tool, traders can get an idea of which uranium ETF is the best one to buy. Global X Uranium ETF stands out as a top contender with its AUM of $6.55 billion, the largest of any of the uranium ETFs on this list. It also has an expense ratio of 0.69%, a dividend yield of 4.26%, and has rallied 101.52% over the past 12 months.
