Japan, formerly Asia’s largest nuclear power producer, could restart one in every five reactors this year, pushing uranium prices to about $50 per pound, according to analyst estimates. [Favorable Trends Boost Uranium ETF]
URA has $242.9 million in assets under manager, nearly a third of which has come into the fund just this year. The ETF is top heavy as Cameco (NYSE: CCJ) and Denison Mines (NYSE: DNN) combine for almost 34% of URA’s weight, according to Global X data.
Global X Uranium ETF (NYSEArca: URA)
ETF Trends editorial team contributed to this article.