Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 297,700 shares, a growth of 180.6% from the June 30th total of 106,100 shares. Based on an average daily volume of 617,900 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. IMC Chicago LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at about $802,000. SeaCrest Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $206,000. Virtu Financial LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth approximately $2,517,000. Finally, Simplex Trading LLC grew its stake in Direxion Daily NVDA Bull 2X Shares by 41,174.4% during the 1st quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock worth $1,168,000 after buying an additional 17,705 shares during the last quarter.
Direxion Daily NVDA Bull 2X Shares Trading Down 3.7 %
Shares of NVDU traded down $3.38 during mid-day trading on Thursday, reaching $89.06. The company’s stock had a trading volume of 1,358,479 shares, compared to its average volume of 481,991. 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 50 day moving average is $107.06 and its 200 day moving average is $72.32.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
About Direxion Daily NVDA Bull 2X Shares
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.
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