URAX seeks 2X the daily performance of uranium mining and nuclear related stocks URAX The Defiance Daily Target 2X Long Uranium ETF URAX seeks 2X the daily performance of uranium mining and nuclear related stocks. MIAMI, May 28, 2024 (GLOBE NEWSWIRE) -- Defiance, a leading provider of ETFs, is proud to announce the launch of a groundbreaking leveraged ETF - the Defiance Daily Target 2X Long Uranium ETF - marking a significant advancement in the investment landscape for tactical traders. We belie
Investors are beginning to pick up the commodity trade as gold prices (GC=F) remain elevated after reaching an all-time high this week. Even uranium (UX=F) is seeing upward price momentum. ETF Think Tank Director of Research Cinthia Murphy joins Wealth! to discuss the growing relevance of commodities and commodity-exposed ETFs for investors. "We're seeing a lot more commentary from the market experts, the analysts, about the importance of commodities and the opportunity in commodities, which has been a segment that's typically under-owned in the advisory channel. It's under-owned by most investors, and it's at attractive positions right now because they're so overlooked so often, especially in the middle of a tech craze." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.
The uranium ETF hit a 52-week high. Can this soar higher?