Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Up 32.7% in January

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 700,400 shares, an increase of 32.7% from the January 15th total of 527,700 shares. Based on an average trading volume of 1,150,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $37,000. PayPay Securities Corp acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $47,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth about $51,000. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock worth $86,000 after buying an additional 911 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after buying an additional 450 shares during the period.

Direxion Daily NVDA Bull 2X Shares Stock Performance

NVDU stock traded up $4.39 during trading hours on Friday, reaching $91.32. The stock had a trading volume of 933,077 shares, compared to its average volume of 1,488,559. The stock has a 50-day simple moving average of $93.04 and a 200 day simple moving average of $100.84. Direxion Daily NVDA Bull 2X Shares has a fifty-two week low of $42.34 and a fifty-two week high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.6505 dividend. The ex-dividend date of this dividend was 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.