Author notes SPUT traded at a premium to NAV for five straight days and expects another bump in spot uranium price tomorrow.
Unpriced research observations (excluded from Calls and Returns):
U.UN — LONG The author observes SPUT trading at a premium to NAV for five consecutive days and infers the fund has raised capital that will be used to buy physical uranium. He expects this to produce another bump in the uranium spot price tomorrow, with spot already up $1.55 to $84.90. No specific risk is stated. resolved_asset_type_mismatch
5 days in a row trading at a premium to NAV ( 2.3%, 2.7%, .73%, 3.2% and today 5.1% ). I don’t know how much money they have raised, just a guess $100M, $200M. Either way, we should have another bump in spot price tomorrow. Today +$1.55 to $84.90.