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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 451,077 shares, an increase of 36.9% from the February 12th total of 329,500 shares. Currently, 9.8% of the company’s shares are short sold. Based on an average trading volume of 500,055 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 500,055 shares, the days-to-cover ratio is currently 0.9 days. Currently, 9.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 52.5% in the 4th quarter. PayPay Securities Corp now owns 334 shares of the company’s stock valued at $39,000 after buying an additional 115 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $42,000. Bogart Wealth LLC lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 25.0% during the third quarter. Bogart Wealth LLC now owns 500 shares of the company’s stock worth $66,000 after acquiring an additional 100 shares in the last quarter. Tucker Asset Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $69,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $175,000.

Direxion Daily NVDA Bull 2X Shares Trading Down 3.2%

Shares of NASDAQ:NVDU traded down $3.47 during mid-day trading on Friday, reaching $105.06. The stock had a trading volume of 321,892 shares, compared to its average volume of 486,223. The firm has a 50 day simple moving average of $113.85 and a two-hundred day simple moving average of $120.05. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $32.63 and a twelve month high of $165.77. The firm has a market cap of $483.28 million, a PE ratio of 42.98 and a beta of 4.20.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.7196 dividend. This represents a $2.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.