Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Short Interest Update

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 64,056 shares, a growth of 3,712.9% from the June 30th total of 1,680 shares. Based on an average daily trading volume, of 61,823 shares, the short-interest ratio is presently 1.0 days. Currently, 4.6% of the shares of the company are sold short.

Direxion Daily Uranium Industry Bull 2X Shares Stock Down 6.6%

Shares of URAA stock opened at $21.09 on Friday. The stock has a market capitalization of $29.53 million, a PE ratio of 26.93 and a beta of 3.88. Direxion Daily Uranium Industry Bull 2X Shares has a 52-week low of $19.10 and a 52-week high of $63.13. The stock’s 50-day moving average price is $27.72 and its 200 day moving average price is $37.34.

Institutional Inflows and Outflows

A hedge fund 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent reporting period.

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.