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

Direxion Daily Uranium Industry Bull 2X ETF (NYSEARCA:URAA) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 52,751 shares, an increase of 133.3% from the August 31st total of 22,610 shares. Based on an average daily trading volume, of 51,694 shares, the short-interest ratio is currently 1.0 days. Currently, 3.8% of the company’s stock are short sold.

Direxion Daily Uranium Industry Bull 2X ETF Stock Down 3.8%

Direxion Daily Uranium Industry Bull 2X ETF stock traded down $0.77 during mid-day trading on Monday, reaching $19.68. 50,239 shares of the company’s stock were exchanged, compared to its average volume of 96,540. Direxion Daily Uranium Industry Bull 2X ETF has a twelve month low of $18.89 and a twelve month high of $63.13. The company has a market cap of $27.16 million, a P/E ratio of 26.93 and a beta of 4.04. The company has a fifty day moving average of $24.16 and a 200-day moving average of $30.27.

About Direxion Daily Uranium Industry Bull 2X ETF

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.