🔴 Uranium ETF (URNM.AX) is trading 3.85% down amid a sector-wide uranium pullback

URNM.AX is trading at A$9.24, down -3.85%, as uranium-sector shares pull back.

• Uranium miners and nuclear-related shares sold off on October 8, reversing part of their recent rally; broad weakness suggests a sector pullback rather than a dominant holding-specific catalyst.
• Higher Treasury yields and rising oil amid Middle East tensions added to the risk-off backdrop, likely weighing on uranium equities alongside broader market pressure.
• Holdings include large positions in Cameco and Sprott Physical Uranium Trust, plus other uranium-sector holdings.