Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Rises By 3,712.9%

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 64,056 shares, an increase of 3,712.9% from the June 30th total of 1,680 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average trading volume of 61,823 shares, the short-interest ratio is currently 1.0 days.

Direxion Daily Uranium Industry Bull 2X Shares Trading Down 6.6%

NYSEARCA:URAA traded down $1.49 on Friday, hitting $21.09. 34,294 shares of the company’s stock traded hands, compared to its average volume of 105,471. The company has a market cap of $29.53 million, a PE ratio of 26.93 and a beta of 3.88. Direxion Daily Uranium Industry Bull 2X Shares has a 1 year low of $19.10 and a 1 year high of $63.13. The firm has a 50-day moving average price of $27.97 and a 200-day moving average price of $37.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC bought a new position in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

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.