Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 700,400 shares, an increase of 32.7% from the January 15th total of 527,700 shares. Based on an average daily trading volume, of 1,150,300 shares, the short-interest ratio is currently 0.6 days.
Direxion Daily NVDA Bull 2X Shares Stock Performance
Shares of Direxion Daily NVDA Bull 2X Shares stock traded up $1.00 during mid-day trading on Thursday, hitting $93.02. The stock had a trading volume of 727,402 shares, compared to its average volume of 1,436,270. The firm has a 50-day moving average of $91.55 and a two-hundred day moving average of $100.88. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $42.34 and a 12-month 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 paid a $0.6505 dividend. The ex-dividend date was Monday, December 23rd.
Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares
Several large investors have recently made changes to their positions in NVDU. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $377,000. Captrust Financial Advisors acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $374,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $2,165,000. Barclays PLC lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company's stock worth $136,000 after acquiring an additional 450 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $557,000.
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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