Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Grows By 80.9%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 612,400 shares, an increase of 80.9% from the February 13th total of 338,500 shares. Currently, 8.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,358,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC grew its position in Direxion Daily NVDA Bull 2X Shares by 30.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 5,836 shares of the company’s stock valued at $546,000 after purchasing an additional 1,361 shares during the period. NorthRock Partners LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $1,517,000. Captrust Financial Advisors lifted its position in Direxion Daily NVDA Bull 2X Shares by 45.8% in the 4th quarter. Captrust Financial Advisors now owns 5,830 shares of the company’s stock valued at $546,000 after acquiring an additional 1,830 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Direxion Daily NVDA Bull 2X Shares by 54.8% during the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company’s stock valued at $7,660,000 after buying an additional 28,963 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 2,158.3% during the 4th quarter. Optiver Holding B.V. now owns 42,389 shares of the company’s stock worth $3,967,000 after acquiring an additional 40,512 shares during the last quarter.

Direxion Daily NVDA Bull 2X Shares Stock Up 10.1 %

Shares of NVDU stock traded up $6.16 on Friday, reaching $67.06. The company had a trading volume of 1,535,912 shares, compared to its average volume of 1,567,828. The business’s 50-day moving average is $81.73 and its 200 day moving average is $97.87. The stock has a market capitalization of $502.95 million, a PE ratio of 43.41 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a one year low of $44.91 and a one year high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.6505 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.