Latest news with #URNM
Yahoo
23-05-2025
- Business
- Yahoo
URA, Uranium ETFs Surge as Trump Orders Nuclear Reforms
Nuclear energy and uranium ETFs leaped Friday, charged by expectations that President Donald Trump is poised to remove barriers to the industry's expansion. The biggest U.S. uranium exchange-traded fund, the $2.9 billion Global X Uranium ETF (URA) soared more than 12% Friday afternoon, adding to the past month's 26% gain. The No. 2 fund, the $1.4 billion Sprott Uranium Miners ETF (URNM) also gained more than 12%. The top holding in both funds is Canadian miner Cameco Corp. (CCJ), which rose 14%. Trump signed an executive order today making approvals for new reactors easier, opening federal lands to nuclear power plant construction and providing for more robust uranium supply lines. Artificial intelligence computing has created massive new demands for electricity, and Trump in his first day in office declared an energy emergency. 'Trump's embrace of nuclear energy is a tide that lifts the entire nuclear industry, adding a premium to nuclear stocks and increasing demand for uranium,' said Research Lead Kent Thune, CFP. The performance of Uranium and nuclear ETFs has been mixed over the past year, with uranium miners hit particularly hard. URNM has dropped 35%, while the $229.4 million Sprott Junior Uranium Miners ETF (URNJ) has lost 45%. That's, in part, due to a 49% drop in uranium prices since January 2024, according to data on Cameco's website. The world's top producer is Kazakhstan, a close ally of Russia, which has been hit by global sanctions over the war with Ukraine. Canada is the world's No. 2 supplier and has been threatened with sanctions by the Trump administration. Other nuclear and uranium ETFs jumping today include the VanEck Uranium+Nuclear Energy ETF (NLR), which moved 11% higher, and the Range Nuclear Renaissance Index ETF (NUKZ), which added 7%. NUKZ is the outlier with its 39% gain over the past & Uranium ETF Flows—Source: Only eight ETFs are listed on as nuclear/uranium-focused | © Copyright 2025 All rights reserved
Yahoo
21-05-2025
- Business
- Yahoo
Sprott's COPP ETF to Add Physical Copper Exposure in June
Sprott Asset Management will add physical copper to its Sprott Copper Miners ETF (COPP) effective June 23, creating the market's only ETF offering exposure to both physical copper and copper-mining companies, according to a company announcement Wednesday. The addition of physical copper to COPP gives investors a more complete exposure to the copper market, combining both the metal itself and mining companies at a time when infrastructure spending continues driving demand for the industrial metal. The change comes through a modification to the ETF's underlying benchmark, the Nasdaq Sprott Copper Miners Index, which already tracks companies focused on copper mining, exploration, development and production, according to the press release from Sprott. COPP currently holds about $24.1 million in assets under management with a 0.65% expense ratio, according to FactSet data. The fund has attracted roughly $667,000 in net inflows over the past three months and $4.5 million over the past year. The ETF has posted an 11.9% gain over the past month, though it remains down 5% over the three-month period and 0.8% year-to-date, according to FactSet. Major holdings currently include Freeport-McMoRan, Inc. (FCX) at 23.6% of the portfolio, Teck Resources Ltd. at 8.7% and Ivanhoe Mines Ltd. at 7.2%. "This change will make COPP the only ETF to provide exposure to physical copper and the only ETF to provide pure-play exposure to large-, mid- and small-cap copper miners," the company stated in its announcement. The fund is part of Sprott's family of critical materials and precious metals ETFs, which includes the Sprott Uranium Miners ETF (URNM), the Sprott Junior Uranium Miners ETF (URNJ), the Sprott Gold Miners ETF (SGDM), the Sprott Junior Gold Miners ETF (SGDJ) and the Sprott Silver Miners & Physical Silver ETF (SLVR), according to the company's announcement. Sprott currently also offers the Sprott Junior Copper Miners ETF (COPJ), which focuses on mid- and small-cap companies in the copper industry, according to the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
