Short Interest in Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) Declines By 74.5%

Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODUGet Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 105,025 shares, a decrease of 74.5% from the April 30th total of 411,698 shares. Based on an average daily volume of 283,311 shares, the short-interest ratio is presently 0.4 days. Currently, 11.1% of the company’s stock are short sold.

Direxion Daily HOOD Bull 2X ETF Price Performance

HODU stock traded up $2.14 during mid-day trading on Friday, hitting $11.60. The stock had a trading volume of 701,175 shares, compared to its average volume of 161,547. Direxion Daily HOOD Bull 2X ETF has a 1-year low of $5.98 and a 1-year high of $35.58. The business’s fifty day moving average price is $8.25.

Direxion Daily HOOD Bull 2X ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.0705 dividend. This represents a $0.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

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