Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Decreases By 91.0%

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 4,470 shares, a decrease of 91.0% from the January 29th total of 49,804 shares. Based on an average daily volume of 177,345 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 177,345 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily Uranium Industry Bull 2X Shares Trading Up 0.5%

Shares of URAA traded up $0.26 during mid-day trading on Wednesday, reaching $48.23. 110,132 shares of the stock traded hands, compared to its average volume of 177,651. The company has a market cap of $74.76 million, a price-to-earnings ratio of 26.93 and a beta of 4.93. Direxion Daily Uranium Industry Bull 2X Shares has a 1 year low of $8.73 and a 1 year high of $63.13. The firm has a fifty day moving average price of $43.32 and a 200 day moving average price of $39.96.

Direxion Daily Uranium Industry Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were given a dividend of $0.1081 per share. This represents a $0.43 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, December 31st.

Institutional Trading of Direxion Daily Uranium Industry Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC acquired a new position in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,537 shares of the company’s stock, valued at approximately $1,673,000. Jane Street Group LLC owned approximately 3.45% of Direxion Daily Uranium Industry Bull 2X Shares at the end of the most recent quarter.

About Direxion Daily Uranium Industry Bull 2X Shares

The Direxion Daily Uranium Industry Bull 2X Shares (URAA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund aims for 2x leveraged daily exposure to a market-cap-weighted index of US-listed firms focused on uranium and nuclear energy. URAA was launched on Jun 26, 2024 and is issued by Direxion.