Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 612,400 shares, an increase of 80.9% from the February 13th total of 338,500 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,358,100 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Direxion Daily NVDA Bull 2X Shares
Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 54.8% in the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock valued at $7,660,000 after buying an additional 28,963 shares during the period. SBI Securities Co. Ltd. acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $4,593,000. Optiver Holding B.V. lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company's stock valued at $3,967,000 after buying an additional 40,512 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $2,165,000. Finally, NorthRock Partners LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $1,517,000.
Direxion Daily NVDA Bull 2X Shares Stock Down 6.6 %
Shares of NASDAQ NVDU traded down $4.28 during midday trading on Tuesday, reaching $60.43. 1,481,254 shares of the company were exchanged, compared to its average volume of 1,561,313. Direxion Daily NVDA Bull 2X Shares has a one year low of $44.91 and a one year high of $146.87. The stock has a market cap of $453.23 million, a P/E ratio of 43.41 and a beta of 4.15. The stock's 50-day moving average price is $80.71 and its 200-day moving average price is $97.63.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.6505 dividend. 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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