Uranium ETF (URA) Hits New 52-Week High

Core Viewpoint - The Global X Uranium ETF (URA) has experienced significant growth, reaching a 52-week high and increasing by 108.51% from its 52-week low of $19.50 per share, indicating strong momentum in the uranium sector [1]. Group 1: Fund Overview - URA tracks the Solactive Global Uranium & Nuclear Components Total Return Index, focusing on companies in the uranium industry [2]. - The fund has major allocations in Canada (38.3%) and the United States (19.9%) [2]. - The annual fee for the fund is 69 basis points [2]. Group 2: Market Drivers - The demand for uranium is expected to rise due to the increasing interest in nuclear energy and the growth of AI-driven data centers, as tech giants seek nuclear power to meet energy needs [3]. - Political factors, including Trump's executive orders and energy deals, are also contributing to a favorable environment for uranium [3]. Group 3: Performance Outlook - URA is projected to continue its strong performance in the near term, supported by a positive weighted alpha of 62.73, suggesting potential for further gains [4].