Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA) Short Interest Update

by · The Cerbat Gem

Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA – Get Free Report) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 12,195 shares, an increase of 172.8% from the February 12th total of 4,470 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 89,643 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 89,643 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.8% 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 Direxion Daily Uranium Industry Bull 2X Shares (NYSEARCA:URAA – Free Report) during the fourth quarter, according to its most recent disclosure 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 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

URAA stock traded down $2.58 during midday trading on Friday, hitting $37.75. 90,699 shares of the stock traded hands, compared to its average volume of 157,708. The firm has a market cap of $58.51 million, a P/E ratio of 26.93 and a beta of 4.93. The stock’s fifty day simple moving average is $45.60 and its 200-day simple moving average is $41.08. 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 announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were given a $0.1081 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.43 annualized dividend and a dividend yield of 1.1%.

About Direxion Daily Uranium Industry Bull 2X Shares

(Get Free Report)

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.

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