Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Decreases By 17.4%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 104,700 shares, a decline of 17.4% from the October 15th total of 126,800 shares. Based on an average daily trading volume, of 967,400 shares, the short-interest ratio is presently 0.1 days.

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

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth approximately $2,517,000. SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $206,000. Modera Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $556,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $111,000. Finally, AE Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth about $533,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

Shares of Direxion Daily NVDA Bull 2X Shares stock traded down $8.73 during trading on Friday, hitting $123.79. 1,080,377 shares of the company’s stock traded hands, compared to its average volume of 656,567. The firm’s fifty day moving average price is $108.46 and its 200 day moving average price is $99.71. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $24.48 and a twelve month high of $146.87.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.61%. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 24th.

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.