Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Sees Large Growth in Short Interest

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 39,100 shares, an increase of 60.9% from the March 31st total of 24,300 shares. Based on an average daily trading volume, of 389,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC grew its position in Direxion Daily NVDA Bull 2X Shares by 41,174.4% in the first quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock worth $1,168,000 after acquiring an additional 17,705 shares during the period. IMC Chicago LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at about $802,000. Finally, Citigroup Inc. purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $2,375,000.

Direxion Daily NVDA Bull 2X Shares Trading Up 12.4 %

Shares of NASDAQ NVDU traded up $6.62 during trading hours on Friday, hitting $59.87. 456,756 shares of the stock were exchanged, compared to its average volume of 358,326. The firm has a fifty day moving average price of $60.10 and a 200-day moving average price of $40.67. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $20.18 and a 12 month high of $74.51.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.2606 per share. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.18. This represents a $1.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, March 19th.

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.