Direxion Daily Uranium Industry Bull 2X ETF (NYSEARCA:URAA) Shares Shorted: Short Interest Up 133.3% in September

Direxion Daily Uranium Industry Bull 2X ETF (NYSEARCA:URAA) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 52,751 shares, an increase of 133.3% from the August 31st total of 22,610 shares. Based on an average trading volume of 51,694 shares, the days-to-cover ratio is presently 1.0 days. Approximately 3.8% of the shares of the company are short sold.

Direxion Daily Uranium Industry Bull 2X ETF Price Performance

Direxion Daily Uranium Industry Bull 2X ETF stock traded down $0.12 during trading hours on Friday, hitting $20.45. 72,587 shares of the stock traded hands, compared to its average volume of 96,791. The firm’s 50 day moving average price is $24.17 and its 200-day moving average price is $30.50. The stock has a market capitalization of $28.22 million, a price-to-earnings ratio of 26.93 and a beta of 4.04. Direxion Daily Uranium Industry Bull 2X ETF has a 1 year low of $18.89 and a 1 year high of $63.13.

About Direxion Daily Uranium Industry Bull 2X ETF

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.