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

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) saw a significant decline in short interest during the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 45,237 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily Uranium Industry Bull 2X Shares Price Performance

Shares of NYSEARCA URAA traded up $0.76 on Friday, hitting $24.61. The company’s stock had a trading volume of 68,371 shares, compared to its average volume of 109,183. The stock has a 50 day moving average of $31.53 and a 200-day moving average of $38.19. The company has a market capitalization of $34.45 million, a price-to-earnings ratio of 26.93 and a beta of 3.88. Direxion Daily Uranium Industry Bull 2X Shares has a 12-month low of $22.14 and a 12-month high of $63.13.

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

An institutional investor recently bought a new stake in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC).

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.