URNM - Sprott Uranium Miners - Stock & Dividends

The Sprott Uranium Miners ETF (NYSE ARCA:URNM) is an investment fund that primarily focuses on the uranium mining industry. Its core strategy is to allocate at least 80% of its total assets in securities that are part of a specific index.

This index is carefully crafted to track the performance of companies that have a significant presence in the uranium sector. To be included, companies must dedicate at least 50% of their assets to uranium-related activities, such as mining, exploration, development, and production. Additionally, companies that hold physical uranium, own uranium royalties, or engage in other supporting activities that benefit the uranium mining industry are also eligible.

It's important to note that the fund is non-diversified, which means it may invest a larger portion of its assets in a smaller number of securities, potentially increasing its exposure to specific risks and opportunities within the uranium mining industry.