CCJ - URNM: Uranium Equities Extremely Out Of Favor, Provides A Buying Opportunity

2025-04-08 21:32:28 ET

Summary

• URNM, launched in 2019, focuses exclusively on uranium equities and has 36 holdings with significant investments in Cameco, Kazatomprom, and the Sprott Physical Uranium Trust.
• Despite healthy net inflows and a 38% increase in the share count over the past two years, URNM’s AUM has nearly halved due to poor performance and depressed sentiment.
• The ETF is well-diversified, but naturally has larger allocations to the most liquid uranium equities to support substantial investment flows.
• The recent underperformance illustrates a massive disconnect from the uranium term price, which is not far off its high.

Overview & Performance

The Sprott Uranium Miners ETF ( URNM ) is a pure-play uranium equities ETF. This ETF was launched in 2019 as the North Shore Global Uranium Mining ETF and was in 2022 acquired by Sprott and then renamed to the Sprott Uranium Miners ETF....

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