Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Short Interest Down 87.7% in April

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 5,479 shares, a decrease of 87.7% from the April 15th total of 44,641 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 81,635 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily Uranium Industry Bull 2X Shares Stock Down 3.3%

URAA traded down $1.26 on Thursday, reaching $37.05. The company’s stock had a trading volume of 107,139 shares, compared to its average volume of 120,666. The stock has a 50 day moving average of $39.38 and a two-hundred day moving average of $40.64. The company has a market capitalization of $46.31 million, a price-to-earnings ratio of 26.93 and a beta of 4.21. Direxion Daily Uranium Industry Bull 2X Shares has a fifty-two week low of $15.74 and a fifty-two week high of $63.13.

Hedge Funds Weigh In On Direxion Daily Uranium Industry Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC purchased a new stake in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 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.