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.

RonDay
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Managing Editor
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Reviewed by: etf.com Staff
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Edited by: Ron Day

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CYASimplify Tail Risk Strategy ETF20.59%5,682,3072.80%
KSETKraneShares Global Carbon Offset Strategy ETF11.77%60,0061.20%
URNJSprott Junior Uranium Miners ETF9.86%1,598,071340.89%
URNMSprott Uranium Miners ETF9.21%4,157,7162,033.51%
MSOSAdvisorShares Pure US Cannabis ETF7.71%26,555,912983.25%
URAGlobal X Uranium ETF7.26%13,146,4192,992.72%
MJUSAmplify U.S. Alternative Harvest ETF6.36%123,145167.33%
CNBSAmplify Seymour Cannabis ETF6.11%115,04535.01%
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF6.05%1,425,7181,261.46%
EPOLiShares MSCI Poland ETF6.03%700,095233.79%



 

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.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.