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

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 49,804 shares, a drop of 33.0% from the January 15th total of 74,300 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 265,004 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 265,004 shares, the short-interest ratio is currently 0.2 days. Approximately 3.2% of the shares of the company are short sold.

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 purchased a new stake in shares of Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,537 shares of the company’s stock, valued at approximately $1,673,000. Jane Street Group LLC owned about 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 Trading Down 0.1%

URAA traded down $0.05 during trading on Friday, reaching $42.87. 80,906 shares of the company were exchanged, compared to its average volume of 197,320. Direxion Daily Uranium Industry Bull 2X Shares has a 52 week low of $8.73 and a 52 week high of $63.13. The firm has a 50 day moving average of $41.54 and a 200 day moving average of $39.05. The stock has a market cap of $66.45 million, a P/E ratio of 26.93 and a beta of 4.93.

Direxion Daily Uranium Industry Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were issued a $0.1081 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 31st.

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.