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Uranium Funds Surf Price Surge in Renewed Bets on Nuclear Power

  • URA and URNM performance soars but inflows lag previous booms
  • Energy supply crunch has revived global nuclear interest
Cooling towers at a nuclear power plant in Nogent-sur-Seine, France.

Cooling towers at a nuclear power plant in Nogent-sur-Seine, France.

Photographer: Cyril Marcilhacy/Bloomberg

Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power. 

The $1.8 billion Global X Uranium ETF (ticker URA) has rallied about 30% and the $1 billion Sprott Uranium Miners ETF (ticker URNM) is up nearly 43% from their July 6 lows. Meanwhile, the Sprott Physical Uranium Trust, which holds about $3 billion worth of the radioactive material, has jumped about 30% since its July 13 bottom.