SII - URNJ: I View The Recent Pullback A Good Buying Opportunity

2024-04-01 16:05:39 ET

Summary

• Sprott Junior Uranium Miners ETF has grown from $2M in total assets at its launch in February 2023 to 341M in total assets now.
• URNJ is up 29% from inception and 90% from the March-May lows last year.
• URNJ has outperformed URNM in 2024 and has had significant inflows, while URNM has seen outflows this year.
• The supply/demand dynamics continue to be bullish for the uranium industry.

Overview

The Sprott Junior Uranium Miners ETF ( URNJ ) was launched in early February 2023 with about $2M in total assets and the ETF has now grown to $341M in total assets . The growth has primarily come from substantial inflows, but the performance has contributed to the growth as well. The ETF is up 29% from inception and a massive 90% from the March-May lows last year....

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