Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Down 22.4% in December

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 162,300 shares, a decrease of 22.4% from the December 15th total of 209,100 shares. Based on an average daily trading volume, of 936,100 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily NVDA Bull 2X Shares Price Performance

NVDU stock traded up $5.61 during midday trading on Friday, reaching $96.83. The company’s stock had a trading volume of 604,150 shares, compared to its average volume of 929,973. The business’s 50-day simple moving average is $109.53 and its 200-day simple moving average is $104.21. Direxion Daily NVDA Bull 2X Shares has a 52 week low of $33.40 and a 52 week high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors have recently made changes to their positions in NVDU. Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth about $111,000. AE Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $533,000. Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $377,000. Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $374,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $2,165,000.

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.