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

Direxion Daily Uranium Industry Bull 2X ETF (NYSEARCA:URAA) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 89,893 shares, a growth of 70.4% from the September 15th total of 52,751 shares. Based on an average daily volume of 65,231 shares, the days-to-cover ratio is currently 1.4 days. Approximately 6.5% of the company’s shares are sold short.

Direxion Daily Uranium Industry Bull 2X ETF Stock Performance

Shares of NYSEARCA:URAA traded down $0.50 during midday trading on Friday, hitting $15.69. 51,023 shares of the stock were exchanged, compared to its average volume of 95,213. The stock has a market capitalization of $24.32 million, a price-to-earnings ratio of 26.93 and a beta of 4.17. The business’s 50-day moving average price is $23.09 and its 200 day moving average price is $28.54. Direxion Daily Uranium Industry Bull 2X ETF has a 12 month low of $14.62 and a 12 month high of $63.13.

Direxion Daily Uranium Industry Bull 2X ETF 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.