Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Sees Large Decline in Short Interest

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 26,720 shares, a drop of 14.2% from the March 15th total of 31,129 shares. Based on an average daily trading volume, of 60,437 shares, the short-interest ratio is currently 0.4 days. Approximately 2.1% of the shares of the company are sold short.

Direxion Daily Uranium Industry Bull 2X Shares Stock Performance

Direxion Daily Uranium Industry Bull 2X Shares stock traded up $1.70 during trading hours on Friday, reaching $45.23. 86,120 shares of the stock were exchanged, compared to its average volume of 129,449. Direxion Daily Uranium Industry Bull 2X Shares has a 52-week low of $10.69 and a 52-week high of $63.13. The stock has a market cap of $57.44 million, a P/E ratio of 26.93 and a beta of 5.21. The firm’s 50 day moving average is $40.48 and its 200 day moving average is $41.27.

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

An institutional investor recently bought a new position in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC acquired a new stake in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 53,537 shares of the company’s stock, valued at approximately $1,673,000. Jane Street Group LLC owned 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.