Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 162,300 shares, a drop of 22.4% from the December 15th total of 209,100 shares. Based on an average trading volume of 936,100 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in NVDU. Barclays PLC grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company's stock valued at $136,000 after acquiring an additional 450 shares in the last quarter. Hollencrest Capital Management purchased a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $111,000. Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $374,000. Creative Planning purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $377,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at about $533,000.
Direxion Daily NVDA Bull 2X Shares Price Performance
NASDAQ:NVDU traded up $5.86 during midday trading on Wednesday, hitting $95.04. 625,468 shares of the stock were exchanged, compared to its average volume of 1,001,641. Direxion Daily NVDA Bull 2X Shares has a one year low of $32.21 and a one year high of $146.87. The business has a 50-day moving average price of $111.15 and a two-hundred day moving average price of $104.37.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.6505 per share. The ex-dividend date of this dividend was Monday, December 23rd.
About Direxion Daily NVDA Bull 2X Shares
(
Get Free Report)
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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