Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Sees Large Drop in Short Interest

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,680 shares, a decline of 71.9% from the June 15th total of 5,982 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,237 shares, the short-interest ratio is currently 0.0 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 acquired a new position in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 53,537 shares of the company’s stock, valued at approximately $1,673,000. Jane Street Group LLC owned about 3.45% of Direxion Daily Uranium Industry Bull 2X Shares as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily Uranium Industry Bull 2X Shares Price Performance

Direxion Daily Uranium Industry Bull 2X Shares stock traded up $0.76 during mid-day trading on Friday, reaching $24.61. The company had a trading volume of 68,371 shares, compared to its average volume of 109,183. Direxion Daily Uranium Industry Bull 2X Shares has a 1 year low of $22.14 and a 1 year high of $63.13. The company has a market capitalization of $34.45 million, a P/E ratio of 26.93 and a beta of 3.88. The stock’s 50-day simple moving average is $31.53 and its 200-day simple moving average is $38.19.

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.