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

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

Direxion Daily Uranium Industry Bull 2X Shares Stock Down 1.2%

Shares of URAA traded down $0.31 during midday trading on Friday, hitting $25.54. The company’s stock had a trading volume of 28,648 shares, compared to its average volume of 113,627. Direxion Daily Uranium Industry Bull 2X Shares has a one year low of $24.01 and a one year high of $63.13. The stock has a market capitalization of $31.93 million, a price-to-earnings ratio of 26.93 and a beta of 3.69. The company’s fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $38.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC acquired a new stake in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

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.