Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Increases By 953.4%

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 57,715 shares, a growth of 953.4% from the April 30th total of 5,479 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,090 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Uranium Industry Bull 2X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily Uranium Industry Bull 2X Shares Stock Down 2.6%

Shares of NYSEARCA:URAA traded down $0.91 during trading on Wednesday, hitting $34.48. 70,007 shares of the company were exchanged, compared to its average volume of 120,068. The business’s 50 day moving average is $37.98 and its 200-day moving average is $39.68. The company has a market capitalization of $43.10 million, a P/E ratio of 26.93 and a beta of 4.21. Direxion Daily Uranium Industry Bull 2X Shares has a 1-year low of $19.89 and a 1-year high of $63.13.

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.