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Uranium ETFs highlights September's top ESG ETFs
The rally was fueled by Sprott Physical Uranium Trust buying spree initiated on August 17.
By Rony Abboud
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- Energy
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Uranium ETFs ended September as the top-performing ESG ETFs with North Shore Global Uranium Mining ETF (URNM), Horizons Global Uranium Index ETF (HURA), and Global X Uranium ETF (URA) gaining 22.09%, 20.93%, and 12.23% respectively. In addition, they witnessed a combined inflow of more than $400 million in September alone.
The three ETFs shined as Uranium prices soared from $34.6/lb to $43/lb while breaching the $50 mark in mid-September. The rally was fueled by Sprott Physical Uranium Trust buying spree initiated on August 17. Since then, the trust bought over 10 million pounds of physical Uranium.
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