Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 338,500 shares, a decrease of 51.7% from the January 31st total of 700,400 shares. Based on an average daily trading volume, of 1,194,300 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $37,000. PayPay Securities Corp purchased a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $47,000. Tucker Asset Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $51,000. Tower Research Capital LLC TRC lifted its position in Direxion Daily NVDA Bull 2X Shares by 9,110.0% during 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 in the last quarter. Finally, Barclays PLC lifted its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during 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 in the last quarter.
Direxion Daily NVDA Bull 2X Shares Price Performance
Shares of NASDAQ NVDU traded down $12.44 during midday trading on Monday, hitting $60.16. 2,669,577 shares of the stock traded hands, compared to its average volume of 1,523,371. The firm has a 50-day moving average of $88.98 and a two-hundred day moving average of $100.88. Direxion Daily NVDA Bull 2X Shares has a one year low of $44.91 and a one year 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. Stockholders of record on Monday, December 23rd were issued a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.
About Direxion Daily NVDA Bull 2X Shares
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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.
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