Uranium ETFs Slip Despite a Russia & Ukraine Ceasefire Agreement

Uranium exchange-traded funds (ETFs) are a hot topic among traders, alongside ongoing increased interest in nuclear power. As such, traders will want to stay on top of all the hottest nuclear energy news. Let’s get into that with a look at what’s happening in this sector on Friday.

• The biggest nuclear energy news today is a ceasefire agreement between Russia and Ukraine. Repairs are needed at the Zaporizhzhia nuclear plant, which is the largest nuclear power plant in Europe. The International Atomic Energy Agency helped the two countries reach this agreement to allow for the repairs of backup power lines.
• The U.S. Department of Energy also released new nuclear energy rules that were changed last month. These rules were changed to accelerate the development of nuclear power plants. This isn’t too surprising, as President Donald Trump signed an executive order last month to bring new nuclear power plants in the U.S. online. This is part of the Trump administration’s push to make nuclear energy more widespread in the U.S.

Uranium ETF Movements Today

Here’s how uranium ETFs moved on Friday.

• Global X Uranium ETF (URA) was down 1.33% today.
• NorthShore Global Uranium Mining ETF (URNM) fell 1.26% this afternoon.
• Sprott Junior Uranium Miners ETF (URNJ) dropped 1.67% as of this writing.
• VanEck Uranium + Nuclear Energy ETF (NLR) decreased 1.19% on Friday.

Which Uranium ETF Is the Best Bet?

Turning to the TipRanks ETF comparison tool, traders can see all the details about the top uranium ETFs. One of the ETFs that traders will likely most consider a stake in is Global X Uranium ETF. It’s a favorite of investors with its AUM of $7.37 billion, expense ratio of 0.69%, dividend yield of 3.78%, and a 12-month gain of 114.66%.