ETFs that buy uranium-related stocks lose steam after sharp gains following coup in Niger

2023-08-01 - Scroll down for original article

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Exchange-traded funds that provide investors exposure to uranium are up sharply so far this week in the wake of a military junta overthrowing the president of Niger, a significant supplier of the metal, even as they lost some steam on Tuesday. The Global X Uranium ETF URA, -0.70% ended 0.7% lower Tuesday, while the Sprott Uranium Miners ETF URNM, finished flat, according to FactSet data. But both funds have advanced sharply so far this week, with the Global X Uranium ETF up around 2.6% and the Sprott Uranium Miners ETF climbing 3.7%.