Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Declines By 84.3%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 122,695 shares, a decline of 84.3% from the December 15th total of 782,238 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 417,609 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 417,609 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several large investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 120.0% during the third quarter. UBS Group AG now owns 275,000 shares of the company’s stock worth $36,061,000 after acquiring an additional 149,978 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $2,175,000. HRT Financial LP acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $1,925,000. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily NVDA Bull 2X Shares by 115.3% during the third quarter. Tower Research Capital LLC TRC now owns 27,706 shares of the company’s stock valued at $3,633,000 after purchasing an additional 14,838 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Direxion Daily NVDA Bull 2X Shares by 206.1% during the third quarter. Jump Financial LLC now owns 20,221 shares of the company’s stock valued at $2,652,000 after acquiring an additional 13,614 shares during the period.

Direxion Daily NVDA Bull 2X Shares Trading Up 0.1%

Shares of NVDU stock traded up $0.11 during mid-day trading on Monday, reaching $115.40. The stock had a trading volume of 335,514 shares, compared to its average volume of 456,130. The company has a market cap of $652.01 million, a P/E ratio of 42.98 and a beta of 4.20. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $32.63 and a 12-month high of $165.77. The business has a 50-day simple moving average of $120.29 and a 200 day simple moving average of $120.97.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.7196 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date 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.