Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 79,641 shares, a drop of 60.5% from the July 15th total of 201,856 shares. Approximately 7.1% of the company’s shares are short sold. Based on an average trading volume of 115,504 shares, the short-interest ratio is currently 0.7 days.
Direxion Daily HOOD Bull 2X ETF Trading Down 7.0%
Shares of HODU stock traded down $0.80 during mid-day trading on Friday, reaching $10.58. The stock had a trading volume of 105,055 shares, compared to its average volume of 175,078. The company has a 50-day moving average price of $12.21. Direxion Daily HOOD Bull 2X ETF has a 52-week low of $5.98 and a 52-week high of $35.58.
Direxion Daily HOOD Bull 2X ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0578 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.23 annualized dividend and a dividend yield of 2.2%.
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