Shawn’s Trade Idea: Buy BetaShares Global Uranium ETF (URNM) $10.50 limit

The URNM ETF has retreated ~19% from its recent high and well below the $11.90 we exited the ETF in mid-October. We remain bullish the uranium space with the recent weakness providing an attractive opportunity to re-enter the nuclear energy trade.

• We believe the risk/reward towards the URNM following last week’s weakness is compelling targeting new highs into 2026.