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

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) saw a large 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 shares are short sold. Based on an average daily volume of 81,635 shares, the short-interest ratio is currently 0.1 days.

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 acquired a new position in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Direxion Daily Uranium Industry Bull 2X Shares Price Performance

NYSEARCA:URAA traded down $3.89 on Tuesday, reaching $40.02. The stock had a trading volume of 181,221 shares, compared to its average volume of 120,837. The company has a market cap of $50.03 million, a price-to-earnings ratio of 26.93 and a beta of 4.21. The firm’s fifty day moving average is $39.76 and its two-hundred day moving average is $40.68. Direxion Daily Uranium Industry Bull 2X Shares has a 12-month low of $15.74 and a 12-month high of $63.13.

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.