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USEC Strength Reason Behind Double Digit Growth in Uranium ETF (URA)

USEC, Inc. (NYSE: USU) was a little-known microcap stock a few weeks ago but it’s 300 percent move in the past week and 500 percent move in the past two weeks has catapulted this stock to the watchlist of small cap investors everywhere. But there’s an ETF that has benefited from USEC’s strength as well.

Few have noticed that the Global X Uranium ETF (NYSE: URA) is up more than 17 percent in the past month. This ETF invests 99 percent of its assets in stocks around the world involved in the uranium industry. With USEC as the fund’s fourth largest holding, this name is the main driver of the ETFs recent strength.

[stock-tools exchange="NYSE" symbol="URA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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