Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Update

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a significant decrease in short interest in 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

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth $377,000. AE Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $533,000. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at approximately $111,000. Modera Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $556,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $206,000.

Direxion Daily NVDA Bull 2X Shares Stock Performance

Direxion Daily NVDA Bull 2X Shares stock opened at $124.61 on Monday. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $20.18 and a 12 month high of $146.87. The company’s fifty day simple moving average is $99.57 and its 200-day simple moving average is $93.01.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.4973 dividend. The ex-dividend date was Tuesday, September 24th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 dividend on an annualized basis and a yield of 1.60%.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.