🔴 Uranium ETF (URA) is trading 4.46% down in after-hours trading despite uranium rising 0.11%

URA is trading at $42.94 (-4.46%) in after-hours trading, appearing disconnected from uranium fundamentals.

• Uranium was reported at $87.25/lb, up 0.11% on August 13; August 14 coverage included NexGen Energy beginning construction at Rook I.
• The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average fell 0.22%, 0.07%, and 0.03%, respectively; thin after-hours liquidity or an ETF-specific trade may explain the move.
• Cameco, URA’s largest holding, represents roughly 22.3% of assets.