Wednesday's ETF Update: KWEB, URA

The KraneShares CSI China Internet ETF is up 3.3% on Wednesday, led by Iqiyi and Vipshop Holdings. The Uranium ETF is down 3.4%, with Centrus Energy and Denison Mines underperforming. These ETFs are among the most notable movers on Wednesday.

On Wednesday, July 2, 2025, the KraneShares CSI China Internet ETF (CSII) surged by 3.3%, driven by strong performances from Iqiyi and Vipshop Holdings. Conversely, the Uranium ETF (URA) declined by 3.4%, with Centrus Energy and Denison Mines leading the underperformance.

The KraneShares CSI China Internet ETF, which tracks the CSI 300 China Internet Index, saw a significant boost in its value. Iqiyi, a leading Chinese video streaming service, and Vipshop Holdings, an online retailer, were key contributors to this performance. Vipshop Holdings, specifically, is expected to report a decrease in quarterly revenue, but the stock's performance may be driven by other factors or market sentiment [2].

Meanwhile, the Uranium ETF, which invests in securities related to uranium and nuclear energy, experienced a downturn. Centrus Energy and Denison Mines were among the notable underperformers. The fund's benchmark index includes equity securities and depositary receipts issued by companies involved in uranium and nuclear energy [1].

These movements highlight the diverse performance of ETFs within the same sector. While the CSI China Internet ETF benefited from strong performances by key constituents, the Uranium ETF faced challenges due to underperformance by specific companies.

References:
[1] https://finance.yahoo.com/quote/NLR/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U411N:0-vipshop-holdings-ltd-expected-to-post-earnings-of-cny3-97-a-share-earnings-preview/