Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Update

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 319,278 shares, a growth of 160.2% from the December 31st total of 122,695 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 457,726 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 457,726 shares, the days-to-cover ratio is presently 0.7 days. Approximately 6.0% of the shares of the stock are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in NVDU. UBS Group AG increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 120.0% in the third quarter. UBS Group AG now owns 275,000 shares of the company’s stock worth $36,061,000 after purchasing an additional 149,978 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth $5,211,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $2,175,000. HRT Financial LP bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $1,925,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 115.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 27,706 shares of the company’s stock worth $3,633,000 after acquiring an additional 14,838 shares during the last quarter.

Direxion Daily NVDA Bull 2X Shares Trading Up 0.9%

Shares of Direxion Daily NVDA Bull 2X Shares stock traded up $1.05 on Thursday, reaching $123.58. The stock had a trading volume of 608,782 shares, compared to its average volume of 446,307. The business’s 50 day moving average is $116.33 and its two-hundred day moving average is $122.10. Direxion Daily NVDA Bull 2X Shares has a 1 year low of $32.63 and a 1 year high of $165.77. The company has a market cap of $652.50 million, a P/E ratio of 42.98 and a beta of 4.20.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.7196 dividend. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, 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.