Carbon Offset, Uranium ETFs Led Last Week's Gains
KSET, URNJ, URNM all jump, while CYA's price surge attributed to 20-for-1 reverse stock split.
An ETF that holds futures contracts on voluntary carbon offset credits was last week's best performing exchange-traded fund, followed by several uranium funds, after output cuts at the world's largest producer and as a nuclear energy bill winds its way through the U.S. Congress.
Those leading ETFs exclude the 21% gain in the Simplify Tail Risk Strategy ETF (CYA), which leapt 21% after completing a 20-for-1 reverse stock split.
The KraneShares Global Carbon Offset Strategy ETF (KSET) jumped 12% last week, followed by a pair of uranium investments from Sprott: the Sprott Junior Uranium Miners ETF (URNJ) with a 9.9% increase and the Sprott Uranium Miners ETF (URNM) which added 9.2%.
Carbon offsets and uranium jumped after the world's largest producer, Kazakhstan's Kazatomprom, cut its output forecast, according to Bloomberg News. Also, the fast-tracking of the National Defense Authorization Act, which includes nuclear support, was highlighted in an analyst's note, and overall expectations for uranium use grows.
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| CYA | Simplify Tail Risk Strategy ETF | 20.59% | 5,682,307 | 2.80% |
| KSET | KraneShares Global Carbon Offset Strategy ETF | 11.77% | 60,006 | 1.20% |
| URNJ | Sprott Junior Uranium Miners ETF | 9.86% | 1,598,071 | 340.89% |
| URNM | Sprott Uranium Miners ETF | 9.21% | 4,157,716 | 2,033.51% |
| MSOS | AdvisorShares Pure US Cannabis ETF | 7.71% | 26,555,912 | 983.25% |
| URA | Global X Uranium ETF | 7.26% | 13,146,419 | 2,992.72% |
| MJUS | Amplify U.S. Alternative Harvest ETF | 6.36% | 123,145 | 167.33% |
| CNBS | Amplify Seymour Cannabis ETF | 6.11% | 115,045 | 35.01% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 6.05% | 1,425,718 | 1,261.46% |
| EPOL | iShares MSCI Poland ETF | 6.03% | 700,095 | 233.79% |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
