Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Expands By 3,712.9%

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

Direxion Daily Uranium Industry Bull 2X Shares Stock Performance

URAA opened at $21.09 on Friday. The stock has a market capitalization of $29.53 million, a price-to-earnings ratio of 26.93 and a beta of 3.88. The company has a fifty day moving average of $27.72 and a 200 day moving average of $37.34. Direxion Daily Uranium Industry Bull 2X Shares has a fifty-two week low of $19.10 and a fifty-two week high of $63.13.

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 position in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent quarter.

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.