Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Rises By 253.5%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 445,400 shares, a growth of 253.5% from the November 15th total of 126,000 shares. Based on an average daily volume of 913,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds have recently made changes to their positions in NVDU. SeaCrest Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $206,000. Modera Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $556,000. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $111,000. AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $533,000. Finally, Creative Planning bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $377,000.

Direxion Daily NVDA Bull 2X Shares Stock Up 6.3 %

NVDU stock traded up $6.88 during mid-day trading on Wednesday, reaching $116.88. The company had a trading volume of 596,038 shares, compared to its average volume of 668,407. The stock has a 50 day simple moving average of $119.34 and a two-hundred day simple moving average of $106.72. Direxion Daily NVDA Bull 2X Shares has a 52 week low of $25.24 and a 52 week high of $146.87.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.4973 dividend. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 24th. This represents a $1.99 annualized dividend and a yield of 1.70%.

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.