Uranium ETFs Slip Despite U.S. Nuclear Reactor Transport

Uranium exchange-traded funds (ETFs) were down on Tuesday despite a new milestone for nuclear energy transport. The U.S. government’s War and Energy Departments teamed up to transport a nuclear reactor on a C-17 Globemaster III aircraft. This reactor was shipped from the March Air Reserve Base in California to the Hill Air Force Base in Utah.

The nuclear reactor shipped in the C-17 Globemaster III aircraft was a Ward 250, a 5-megawatt nuclear reactor that could potentially power 5,000 homes. While the nuclear reactor won’t be used for residential power, it could provide substantial power to a military base, allowing the base to operate without putting stress on the civilian power grid.

Michael Duffey, the undersecretary of war for acquisition and sustainment, said, “It’s clear to me that advancing President Trump’s priority on nuclear energy depends on close coordination between the Department of Energy and the Department of War. This partnership ensures advanced nuclear technologies are developed, evaluated and deployed in ways that strengthen energy resilience and national security.”

Uranium ETFs Movement Today

Here’s how uranium ETFs have moved today.

• Global X Uranium ETF (URA) was down 2.06% on Tuesday.
• NorthShore Global Uranium Mining ETF (URNM) was down 2.22% as of this writing.
• Sprott Junior Uranium Miners ETF (URNJ) was down 1.33% today.
• VanEck Uranium + Nuclear Energy ETF (NLR) was down 0.83% today.

Which Uranium ETF Is the Best?

Turning to the TipRanks ETF comparison tool, traders can see which of these uranium ETFs offer the best investments. Global X Uranium ETF is a favorite among investors, with its 85.19% rally over the past 12 months and dividend yield of 4.02%. NorthShore Global Uranium Mining ETF also saw a strong 80.76% gain over the past year and offers a 2.53% dividend.

See more uranium ETF data