Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Short Interest Update

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,982 shares, a decline of 88.3% from the May 31st total of 51,133 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 110,695 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily Uranium Industry Bull 2X Shares

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

Direxion Daily Uranium Industry Bull 2X Shares Stock Performance

Shares of NYSEARCA URAA traded down $0.38 during midday trading on Friday, reaching $25.47. 37,801 shares of the stock were exchanged, compared to its average volume of 113,704. The company has a 50 day simple moving average of $35.24 and a 200 day simple moving average of $38.82. The stock has a market capitalization of $31.84 million, a P/E ratio of 26.93 and a beta of 3.69. Direxion Daily Uranium Industry Bull 2X Shares has a twelve month low of $24.01 and a twelve month high of $63.13.

Direxion Daily Uranium Industry Bull 2X Shares Company Profile

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.