Global X Uranium ETF is trading at $44.08 (+4.09%) as uranium and nuclear-fuel plays rebound alongside a broader equity bounce and surging energy prices.
- Brent crude oil has climbed above $94 per barrel amid heightened geopolitical risks and potential closure of the Strait of Hormuz.
- The fund is recovering from a series of sharp declines, having recently traded at a peak above $50.
- Renewed investor interest in energy-related assets is providing a tailwind for uranium miners and fuel providers within the ETF.