On October 6, Global X Uranium ETF rose 5.18% in regular trading, trading at $42.26/share, with Turnover of $208 million.

Uranium market fundamentals continue to strengthen, with long-term contract prices reaching historic highs, while AI data center demand for stable baseload power is rapidly expanding, driving the nuclear energy and uranium mining sector broadly higher. The World Nuclear Symposium's theme has shifted from ambition to action, with institutional investor and bank participation rising significantly. Jefferies initiated coverage on Cameco and BWX Technologies with buy ratings, citing what it views as the strongest demand cycle in forty years. Spot uranium prices previously climbed 3.63% in August to $89.54 per pound, while UxC long-term uranium prices rose to $96.50 per pound, confirming elevated industry demand sentiment.

The fund invests at least 80% of its total assets in securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on 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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