Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Sees Significant Decline in Short Interest

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 338,500 shares, a drop of 51.7% from the January 31st total of 700,400 shares. Based on an average trading volume of 1,194,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds have recently made changes to their positions in NVDU. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth approximately $37,000. PayPay Securities Corp bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $47,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $51,000. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock valued at $86,000 after purchasing an additional 911 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares during the period.

Direxion Daily NVDA Bull 2X Shares Stock Up 7.6 %

Shares of Direxion Daily NVDA Bull 2X Shares stock traded up $5.12 during trading on Friday, hitting $72.60. 1,962,345 shares of the stock were exchanged, compared to its average volume of 1,493,935. The company has a fifty day moving average price of $89.81 and a 200-day moving average price of $101.17. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $44.91 and a 1-year 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. Investors of record on Monday, December 23rd were issued a dividend of $0.6505 per share. The ex-dividend date of this dividend 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.