Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Decreases By 53.1%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 209,100 shares, a decline of 53.1% from the November 30th total of 445,400 shares. Based on an average daily trading volume, of 917,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth $557,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $2,165,000. Creative Planning acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $377,000. AE Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $533,000. Finally, Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $111,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

Shares of NVDU traded down $6.04 during mid-day trading on Friday, hitting $96.00. 350,010 shares of the company traded hands, compared to its average volume of 681,607. Direxion Daily NVDA Bull 2X Shares has a one year low of $26.01 and a one year high of $146.87. The business has a 50-day moving average of $116.90 and a 200 day moving average of $106.48.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.6505 dividend. The ex-dividend date is Monday, December 23rd.

About Direxion Daily NVDA Bull 2X Shares

The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA stock. NVDU was launched on Sep 13, 2023 and is issued by Direxion.