Direxion Daily Uranium Industry Bull 2X ETF
URAA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Jun 26, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Uranium Industry Bull 2X Shares (NYSE Arca: URAA) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index (SUSUNET). The fund employs derivatives including swaps and futures to achieve its leveraged exposure to U.S.-listed ETFs focused on the uranium and nuclear energy sectors, primarily tracking the Global X Uranium ETF (URA) and Sprott Uranium Miners ETF (URNM); it holds positions in cash equivalents such as Dreyfus Government Cash Management Institutional and Goldman Sachs Financial Government 465 Institutional alongside swaps and underlying ETFs like VanEck Uranium and Nuclear ETF (NLR). Launched on June 26, 2024, URAA operates within the materials sector, specifically metals and mining, targeting sophisticated traders seeking amplified short-term exposure to uranium market dynamics amid rising prices and supply-demand imbalances. The fund is issued by Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC (doing business as Direxion), with headquarters at 1301 Avenue of the Americas, 28th Floor, New York, New York. It features a net expense ratio of 1.28% (excluding acquired fund fees and expenses, which would otherwise be 0.95%), with total net assets of approximately $27.91 million to $43.54 million and shares outstanding around 1.025 million as of recent data. Distributions include quarterly income dividends and occasional capital gains, such as a short-term capital gain of $0.51479 per share in December 2024. In a major recent development, Direxion launched URAA on June 26, 2024, capitalizing on uranium prices reaching multi-year highs driven by nuclear energy resurgence and persistent supply constraints, as highlighted in the issuer's press release. No significant acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the fund since inception, though performance metrics reflect strong volatility with year-to-date returns exceeding 60% and since-inception NAV growth of about 20% as of mid-2025. The fund remains domiciled in the United States, listed on NYSE Arca, and emphasizes daily reset mechanics unsuitable for long-term holding due to leverage compounding effects.