Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 126,800 shares, a decrease of 38.4% from the September 30th total of 206,000 shares. Based on an average daily volume of 984,700 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares
A number of large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth $2,517,000. SeaCrest Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth about $206,000. Modera Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $556,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at approximately $111,000. Finally, AE Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $533,000.
Direxion Daily NVDA Bull 2X Shares Price Performance
NVDU stock traded up $1.76 during mid-day trading on Friday, hitting $124.61. The stock had a trading volume of 3,203,354 shares, compared to its average volume of 648,731. The firm has a fifty day simple moving average of $99.57 and a 200 day simple moving average of $92.55. Direxion Daily NVDA Bull 2X Shares has a 52 week low of $20.18 and a 52 week high of $146.87.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.4973 per share. This is an increase from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48. This represents a $1.99 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 24th.
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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