(URNM) Uranium Miners - Overview
ETF Category: Natural Resources | Exchange: NYSE ARCA (USA) | Market Cap: 2.454m USD | Total Return: 66.2% in 12m
TER: 0.75%
Avg Turnover: 43.3M
Warnings
Choppy
Tailwinds
No distinct edge detected
The Sprott Uranium Miners ETF (URNM) tracks a market-cap-weighted index of global companies involved in the uranium industry. To qualify for inclusion, constituents must derive at least 50% of their business value from uranium mining, exploration, development, or production. The fund also provides exposure to physical uranium trusts and companies holding uranium royalties.
The uranium sector operates on long-term contracting cycles, as nuclear utilities typically secure fuel supplies years in advance to ensure reactor continuity. Unlike traditional commodity producers, some entities within this ETF hold physical inventory to provide investors with direct exposure to spot price movements without the operational risks of mining. Investors can analyze detailed valuation metrics for these holdings on ValueRay.
As a non-diversified fund, URNM maintains concentrated positions in a specific segment of the energy market. It allocates at least 80% of its total assets to securities within its underlying index, capturing both established producers and junior exploration firms essential to the global nuclear fuel supply chain.
- Global uranium spot price fluctuations dictate net asset value performance
- Global shift toward nuclear energy increases long-term fuel demand security
- Geopolitical instability in Kazakhstan threatens primary global uranium supply chains
- Regulatory approvals for new reactor builds drive utility contracting cycles
- Physical uranium fund holdings provide direct exposure to commodity price volatility
Over the past week, the price has changed by -13.84%, over one month by -16.56%, over three months by -17.59% and over the past year by +66.23%.
| Analysts Target Price | - | - |