Direxion Launches URAA ETF for High-Exposure Uranium and Nuclear Energy Investments

Direxion, a prominent provider of tradeable and thematic ETFs, has announced the launch of the Direxion Daily Uranium Industry Bull 2X Shares (Ticker: URAA). This new ETF aims to achieve 200%, before fees and expenses, of the daily performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index.

Edward Egilinsky, Direxion's Managing Director, highlighted the significance of this new product by noting, "Uranium prices have reached the highest levels in over 15 years, and the uranium market is seeing incredible growth. But there’s a significant gap between supply and demand, that begs further development and investment." He further emphasized that the URAA ETF offers traders a unique opportunity to make short-term investments in the burgeoning nuclear energy industry.

The uranium and nuclear energy sectors are currently experiencing rapid growth, driven by a combination of public sentiment and government support favoring expansion. Direxion’s new ETF provides a timely investment vehicle for traders looking to capitalize on these shifting market dynamics.

It is important to note, however, that all Direxion Daily Leveraged and Inverse ETFs are intended for experienced investors who have a deep understanding of the risks associated with leveraged investment results. The company stresses the importance of active monitoring and management of positions, as there is no guarantee that these ETFs will meet their objectives. Comprehensive educational resources are available at the Direxion Leveraged and Inverse ETF Education Center, including brochures, videos, and online courses to help investors determine if leveraged ETFs are suitable for them.

Founded in 1997, Direxion is known for equipping conviction-driven investors with precise ETF solutions that cater to a wide range of investment strategies. The company manages approximately $42.3 billion in assets as of March 31, 2024, and continues to innovate with products that allow investors to manage risk exposure effectively.

While the launch of URAA presents exciting opportunities, potential investors should be aware of the associated risks. Leveraged and Inverse ETFs, such as URAA, are inherently riskier than non-leveraged alternatives. They are designed to achieve daily investment objectives and may not track the underlying index over longer periods. These ETFs are suitable only for sophisticated investors who fully understand leverage risk and actively manage their investments.

Investors are advised to carefully review a Fund’s investment objective, risks, charges, and expenses before investing. Detailed information is available in the Fund’s prospectus and summary prospectus, which should be read thoroughly.

For more information on Direxion and its range of ETF products, visit www.direxion.com.