Uranium exchange-traded funds (ETFs) slowed down on Friday, experiencing only slight movements, as investors prepare for the long holiday weekend.
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Even so, there’s still some nuclear energy news that investors will want to read before they clock out for the weekend. Let’s dig into that below:
- Russian officials have challenged the U.S. government’s plans to build nuclear power plants in Armenia, as it falls within what Russia believes is its area of influence.
- The Perry Nuclear Power Plant in Ohio has moved to extend operations into 2060 following a deal to power Meta Platforms’ (META) artificial intelligence (AI) data centers.
- India’s Rajasthan Atomic Power Project Unit-7 reached full power for the first time this week, generating 700 MW. This is the third of 16 nuclear energy units planned to be built in India.
Uranium ETF Stock Movements Today
Uranium ETFs experienced minimal movement on Friday.
- Global X Uranium ETF (URA) was up 0.19% on Friday.
- NorthShore Global Uranium Mining ETF (URNM) slipped 0.12% today.
- Sprott Junior Uranium Miners ETF (URNJ) dipped 0.05% as of this writing.
- VanEck Uranium + Nuclear Energy ETF (NLR) jumped 0.49% this afternoon.
Which Uranium ETF Is the Safest Bet?
Turning to the TipRanks ETF comparison tool, traders can see which of these ETFs is the best bet. URA is a favorite of nuclear energy investors and has experienced the most growth over the past 12 months at 85.45%. The ETF also has a strong dividend yield of 3.88%. URNM offers the second-best investment, with an 81.84% gain over the past year and a 2.42% dividend.
