Uranium ETFs Roaring Back After $1 Billion Influx on Nuclear Bet
- The ETFs soar as France, Japan signal nuclear power plans
- The metal has gained this year as fossil-fuel prices jumped
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The rally for two exchange-traded funds focused on uranium is surging back, delivering fresh gains to investors who’ve poured more than $1 billion into them this year in a bet on nuclear power’s resurgence.
The NorthShore Global Uranium Mining ETF (ticker URNM) and the Global X Uranium ETF (URA) jumped 13.52% and 11.65%, respectively, on Tuesday, and extended the gains after markets opened Wednesday.