Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Declines By 71.9%

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the recipient of 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 45,237 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily Uranium Industry Bull 2X Shares Stock Up 4.0%

URAA traded up $0.89 on Tuesday, reaching $23.05. The company’s stock had a trading volume of 103,840 shares, compared to its average volume of 108,996. The company has a market capitalization of $32.27 million, a price-to-earnings ratio of 26.93 and a beta of 3.88. Direxion Daily Uranium Industry Bull 2X Shares has a fifty-two week low of $22.00 and a fifty-two week high of $63.13. The stock has a 50 day moving average of $31.10 and a two-hundred day moving average of $38.10.

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 bought a new stake in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 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.

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.