Global X Uranium Index ETF (TSE:HURA) Trading Up 4.7% – Still a Buy?

Global X Uranium Index ETF (TSE:HURA)’s share price shot up 4.7% on Tuesday . The stock traded as high as C$56.87 and last traded at C$56.80. 11,684 shares changed hands during trading, a decline of 46% from the average session volume of 21,808 shares. The stock had previously closed at C$54.25.

Global X Uranium Index ETF Price Performance

The stock’s 50-day simple moving average is C$61.44 and its 200-day simple moving average is C$58.42.

About Global X Uranium Index ETF

To achieve HURA’s investment objective, HURA invests and holds equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. HURA seeks to replicate, to the extent possible, the performance of the Solactive Global Uranium PurePlay Index, net of expenses. The Solactive Global Uranium PurePlay Index is designed to provide exposure to the performance of a basket of issuers which (a) are primarily involved in the uranium mining and exploration industry, or (b) invest and participate directly in the physical price of uranium.