Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Drops By 22.4%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 162,300 shares, a drop of 22.4% from the December 15th total of 209,100 shares. Based on an average daily volume of 936,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

A number of hedge funds have recently modified their holdings of the business. Hollencrest Capital Management acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $111,000. AE Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $533,000. Creative Planning acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $377,000. Captrust Financial Advisors acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $374,000. Finally, Flow Traders U.S. LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $2,165,000.

Direxion Daily NVDA Bull 2X Shares Trading Up 6.1 %

Shares of NASDAQ NVDU traded up $5.61 during mid-day trading on Friday, reaching $96.83. 604,150 shares of the company’s stock were exchanged, compared to its average volume of 929,973. The business has a fifty day simple moving average of $109.53 and a 200 day simple moving average of $104.21. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $33.40 and a twelve month high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.