Defiance ETFs Launches New 2x Leveraged Uranium ETF

Defiance ETFs is introducing a new leveraged commodity ETF called the Defiance Daily Target 2X Long Uranium ETF (NYSE Arca: URAX), which is expected to begin trading today. 

As the name suggests, the fund seeks to provide daily investment results of two times (200%) the daily percentage change (before fees and expenses) in the share price of the Global X Uranium ETF (NYSE Arca: URA). Much like Defiance ETFs’ other 2X offerings, URAX offers leveraged exposure to the market — in this case, the uranium market — on a daily basis.

The new ETF signifies that, as Eric Balchunas put it, this “category has arrived,” signaling growing interest in the uranium sector, which could influence market sentiment and attract more investors to nuclear-related companies.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A $2.2B Gold Project Is Outgrowing Its Plan | Michael Henrichsen – Gold X2 Mining

Pay for the Copper, Get the Gold Free | Rob McEwen – McEwen Inc

This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

Recommended

A Chance Encounter On A Country Lane May Have Broken Up The RAF Fairford Plot

This Gold Discovery Just Keeps Getting Bigger | Roger Rosmus – Goliath Resources

Related News

Uranium Pricing Has Declined About 25%, Could Now Be Poised For An Upturn

Spot uranium prices have declined about 25% over the last three month to around US$48...

Sunday, May 29, 2022, 01:10:00 PM

Uzbekistan Appears To Be The Latest Country To Cut Uranium Production Targets

Uzbekistan’s Navoiyuran State Enterprise, through Deputy Minister of Mining and Geology Jamal Fayzullaev, has announced...

Saturday, February 10, 2024, 11:41:00 AM

Investors Remain Active in Uranium Space; Global Commercial Nuclear Plant Construction Remains Robust

The uranium business continues to grow (from a low level) and, perhaps equally important, garners...

Saturday, April 2, 2022, 09:00:00 AM

Uranium Prices Hit 15-Year High As Demand Continues To Rise For Nuclear Energy

Spot uranium prices are trading at US$74 per pound as per Trading Economics, a 15-year...

Friday, November 17, 2023, 06:40:00 AM

Kazatomprom Faces Delay In Production At Sulphuric Acid Plant

Kazatomprom has announced a delay in the commencement of production at the TQZ LLP facility,...

Friday, May 3, 2024, 02:21:00 PM