Uranium ETFs Up Big, Blockchain Down- ETF Winners And Losers: Small-Cap Returns
Portfolio Pulse from Johnny Rice
Small-cap ETFs with AUM between $400 million and $2 billion were screened for weekly returns. Sprott Uranium Miners ETF (URNM) and Global X Uranium ETF (URA) were the winners, up 7.64% and 5.44% respectively. ProShares Bitcoin Strategy ETF (BITO) and Amplify Transformational Data Sharing ETF (BLOK) were the losers, down 11.81% and 8.56% respectively. URNM and URA offer exposure to the uranium mining industry, while BITO and BLOK offer exposure to Bitcoin and blockchain technology respectively.
August 23, 2023 | 6:08 pm
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POSITIVE IMPACT
Global X Uranium ETF (URA) is up 5.44% over the trailing week, offering exposure to companies that deal with uranium mining, refining, and handling.
The positive performance of URA is due to the strong performance of the uranium mining, refining, and handling industry. As the ETF offers exposure to this industry, it is likely to continue performing well if the industry continues to do well.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sprott Uranium Miners ETF (URNM) is up 7.64% on the week, offering exposure to the uranium mining industry.
The positive performance of URNM is due to the strong performance of the uranium mining industry. As the ETF offers exposure to this industry, it is likely to continue performing well if the industry continues to do well.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ProShares Bitcoin Strategy ETF (BITO) is down 11.81% over the trailing week, offering investors indirect exposure to Bitcoin.
The negative performance of BITO is due to the recent downturn in the price of Bitcoin. As the ETF offers indirect exposure to Bitcoin, it is likely to continue performing poorly if Bitcoin continues to perform poorly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Amplify Transformational Data Sharing ETF (BLOK) is down 8.56% over the trailing week, offering exposure to companies involved in the development and utilization of blockchain technology.
The negative performance of BLOK is due to the recent downturn in the blockchain technology industry. As the ETF offers exposure to this industry, it is likely to continue performing poorly if the industry continues to perform poorly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100