Short Interest in Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Decreases By 91.0%

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,470 shares, a drop of 91.0% from the January 29th total of 49,804 shares. Based on an average daily volume of 177,345 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 177,345 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily Uranium Industry Bull 2X Shares Stock Performance

NYSEARCA:URAA traded up $0.26 during trading hours on Wednesday, reaching $48.23. The company’s stock had a trading volume of 110,132 shares, compared to its average volume of 177,651. The firm has a market capitalization of $74.76 million, a price-to-earnings ratio of 26.93 and a beta of 4.93. The firm has a 50-day simple moving average of $43.32 and a 200-day simple moving average of $39.96. Direxion Daily Uranium Industry Bull 2X Shares has a 1 year low of $8.73 and a 1 year high of $63.13.

Direxion Daily Uranium Industry Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a $0.1081 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.43 annualized dividend and a dividend yield of 0.9%.

Institutional Investors Weigh In On Direxion Daily Uranium Industry Bull 2X Shares

A hedge fund recently bought a new stake 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) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period.

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.