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

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

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) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent quarter.

Direxion Daily Uranium Industry Bull 2X Shares Price Performance

Shares of NYSEARCA:URAA traded up $0.77 during mid-day trading on Thursday, reaching $35.25. 37,438 shares of the company were exchanged, compared to its average volume of 119,251. The firm has a market cap of $44.06 million, a price-to-earnings ratio of 26.93 and a beta of 4.21. The firm’s 50-day simple moving average is $37.98 and its 200 day simple moving average is $39.68. 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.