Uranium ETF (URNJ) Hits New 52-Week High

Core Viewpoint - The Sprott Junior Uranium Miners ETF (URNJ) has reached a 52-week high, increasing by 136.55% from its 52-week low of $11.52 per share, indicating strong momentum and potential for further gains [1][4]. Group 1: ETF Overview - URNJ tracks the Nasdaq Sprott Junior Uranium Miners Index, which includes companies that derive at least 50% of their revenues and assets from uranium-related activities [2]. - The ETF charges an annual fee of 80 basis points [2]. Group 2: Market Drivers - The rising demand for AI and clean energy is leading tech companies to consider nuclear power as a solution for energy-intensive data centers, which is expected to increase uranium demand [3]. - Projections indicate that uranium demand will grow in the coming years, serving as a significant tailwind for the fund [3]. Group 3: Performance Outlook - URNJ is expected to maintain its strong performance in the near term, supported by a positive weighted alpha of 53.55, suggesting potential for further price rallies [4].