Uranium ETF Faces Notable Outflow Amid Market Changes
In recent trading, the Uranium ETF (Symbol: URA) has seen significant changes in shares outstanding. This week, there was an approximate $116.9 million outflow, representing a 3.9% decrease compared to last week. The number of shares outstanding decreased from 121,761,666 to 117,021,666.
Impact on Major Holdings
Among URA’s largest underlying components, notable changes were observed today. Centrus Energy Corp (Symbol: LEU) decreased by about 4.2%, while Denison Mines Corp (TSX: DML.TO) saw a decline of approximately 1.4%. Additionally, Cameco Corp (TSX: CCO.TO) was down around 0.7%. For those interested in the complete list of holdings, you can visit the URA Holdings page.
Price Performance Insights
The following chart illustrates the one-year price performance of URA in relation to its 200-day moving average:
From the chart, URA’s lowest trading point in the past 52 weeks was $22.785 per share, while it reached a high of $33.99. As of the last trade, URA was priced at $24.46. Comparing the current share price to the 200-day moving average can serve as a beneficial technique for technical analysis.
Understanding ETF Trading Dynamics
Exchange traded funds (ETFs) are bought and sold similarly to stocks, but investors are actually trading “units.” These units can fluctuate based on investor demand and can also be created or destroyed. Each week, we analyze the changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates the purchase of underlying assets, while the destruction of units entails selling those assets, which can significantly influence the individual components within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- Institutional Holders of NDMO
- HBT Next Dividend Date
- ENLK market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
