URA ETF Down 0.56% Despite $17.5 Billion DOE Commitment

The U.S. Department of Energy has committed $17.5 billion to support 10 new Westinghouse reactors. However, the Global X Uranium ETF (URA) is down 0.56% year to date, while the VanEck Uranium and Nuclear ETF (NLR) is down 8.31%. URA has about $7.81 billion in net assets and an expense ratio of 0.69%. The gap between government support and ETF performance raises concerns for investors relying on these funds for exposure to the nuclear sector, especially given URA’s heavy reliance on Cameco, which accounts for 22.18% of its holdings.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.