On August 5, Global X Uranium ETF rose 5.02% in regular trading, trading at $42.8564/share, with turnover of $130 million.

On the news front, RBC Capital Markets reiterated its outperform rating on Cameco, a major uranium producer, citing continued favorable tailwinds in nuclear energy and uranium markets. RBC expects uranium price strength to persist over the next 6-12 months as contracting activity picks up seasonally, with growth driven by reinvestment into the existing nuclear fleet and AP1000 new builds. Additionally, Eagle Nuclear Energy was added to the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying it for inclusion in Global X Uranium ETF, reflecting expanding sector coverage within the fund.

The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the uranium industry. The fund is non-diversified.

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