Top ETFs of the week: Oil, Gas and Uranium

US Weather anomalies continue to lift oil & gas prices

Supply concerns in energy commodity markets were renewed with the emergence of Tropical Storm Nicholas on the Texas Gulf Coast as oil & gas producers in neighbouring Louisiana and US Gulf of Mexico pick up production after Hurricane Ida's visit a few weeks ago. According to the U.S. Bureau of Safety and Environmental Enforcement, almost half of Gulf of Mexico output was still idle following Ida.

In reaction to the weather update, Brent Oil climbed by +4.2% to $75.34 a barrel, WTI rose by +3.2% to $71.97 and Natural Gas by +3.4% to $5.10 per million Btu.

ETFs tracking Oil and Gas commodities and related equities rose in tandem with the price increase, with VanEck Vectors Unconventional Oil & Gas ETF (FRAK), First Trust ISE-Revere Natural Gas Index Fund (FCG) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) among the top performers this week with more than 5.0% gains.

Sprott Asset Management buys Uranium ETFs more upside

Since launching their "At-The-Market" Equity Program on August 17th, Sprott Asset Management amassed 10 million pounds of physical Uranium and now hold more than 28 million pounds. The buying spree pushed Uranium prices to 8-year highs to reach the $50/lbs mark.

The small and exclusive club of Uranium and Uranium mining ETFs tagged along and landed on our top performing ETFs list for the third straight week. Last week alone, North Shore Global Uranium Mining ETF (URNM), Horizons Global Uranium Index ETF (HURA) and Global X Uranium ETF (URA) gained 16.24%, 7.87% and 7.74% respectively and have become a popular key word among reddit traders.

Honourable Mentions: Crypto and Shipping ETFs

Crypto ETFs had another dominant performance last week, highlighted by the double digits gains by 21Shares Polkadot ETP (+18.18%) and 21Shares Tezos ETP (+16.39%).

SonicShares Global Shipping ETF (BOAT) outperformed this year's best ETF and peer Breakwave Dry Bulk Shipping ETF (BDRY) with 3.9% gains vs. 1.92% as Covid protocols and port congestions continue to disrupt the shipping traffic.

Top 10 ETFs of the week: Oil, Gas and Uranium ETFs

Europe

• iShares Oil & Gas Exploration & Production UCITS ETF: +4.75%
• Xtrackers Brent Crude Oil Optimum Yield ETC: +3.82%
• Xtrackers WTI Crude Oil Optimum Yield ETC: +3.73%
• Invesco Energy S&P US Select Sector UCITS ETF: +3.48%
• WisdomTree Natural Gas: +3.43%
• iShares S&P 500 Energy Sector UCITS ETF: +3.36%
• WisdomTree WTI Crude Oil Pre-roll: +3.34%
• SPDR S&P U.S. Energy Select Sector UCITS ETF: +3.33%
• Xtrackers MSCI USA Energy UCITS ETF: +3.09%
• WisdomTree Energy: +3.09%

Americas

• North Shore Global Uranium Mining ETF: +16.24%
• Horizons Global Uranium Index ETF: +7.87%
• Ninepoint Energy Fund: +7.76%
• Global X Uranium ETF: +7.74%
• VanEck Vectors Unconventional Oil & Gas ETF: +5.87%
• First Trust ISE-Revere Natural Gas Index Fund: +5.62%
• Invesco Dynamic Energy Exploration & Production ETF: +5.30%
• SPDR S&P Oil & Gas Exploration & Production ETF: +5.04%
• Invesco DWA Energy Momentum ETF: +5.04%
• iShares U.S. Oil & Gas Exploration & Production ETF: +4.93%

Top 10 Crypto ETFs of the week

• 21Shares Polkadot ETP: +18.18%
• 21Shares Tezos ETP: +16.39%
• 21Shares Crypto Basket Index ETP: +10.04%
• CoinShares Physical Litecoin: +8.87%
• Ninepoint Energy Fund: +7.76%
• Ether Tracker One ETC: +7.27%
• Ether Tracker Euro ETC: +7.03%
• 21Shares Ethereum ETP: +6.88%
• CoinShares Physical Ethereum: +6.80%
• ETHetc - ETC Group Physical Ethereum: +6.40%

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