Direxion Daily NVDA Bull 2X Shares Experiences Notable Decrease in Short Interest

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) experienced a notable reduction in short interest during February. As of February 15, total short interest stood at 338,500 shares, reflecting a significant decrease of 51.7% from the 700,400 shares reported on January 31. With an average daily trading volume of 1,194,300 shares, the current days-to-cover ratio is 0.3 days.

Institutional Trading Trends for Direxion Daily NVDA Bull 2X Shares

Several large financial institutions have recently adjusted their holdings in NVDU. For example, SBI Securities Co. Ltd. acquired a new investment in Direxion Daily NVDA Bull 2X Shares during the fourth quarter, valued at about $4,593,000. Similarly, Optiver Holding B.V. increased its stake by a remarkable 2,158.3% during the same period. Following this change, Optiver now owns 42,389 shares worth approximately $3,967,000 after adding an additional 40,512 shares last quarter. Jane Street Group LLC also raised its stake by 54.8% during the fourth quarter, bringing its total to 81,848 shares valued at $7,660,000 after buying an extra 28,963 shares. Additionally, Flow Traders U.S. LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter, estimated at approximately $2,165,000. NorthRock Partners LLC also made a new investment in the fourth quarter worth about $1,517,000.

Stock Performance of Direxion Daily NVDA Bull 2X Shares

On trading day Friday, shares of NASDAQ NVDU rose by $5.12, reaching a price of $72.60. The trading volume for the day was 1,962,345 shares, compared to an average volume of 1,493,935 shares. Currently, the fifty-day simple moving average stands at $89.81, while the two-hundred-day simple moving average is at $101.04. Over the past year, Direxion Daily NVDA Bull 2X Shares has recorded a low of $44.91 and a high of $146.87.

Direxion Daily NVDA Bull 2X Shares Dividend Information

The company has also recently announced a dividend, which was distributed on Tuesday, December 31. Shareholders as of Monday, December 23, received a payment of $0.6505 per share. The ex-dividend date was set for December 23.

Profile of Direxion Daily NVDA Bull 2X Shares

(Get Free Report) Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund (ETF) that focuses primarily on stocks in the information technology sector. It provides 2x leveraged exposure, accounting for fees and expenses, to the daily price movements of NVIDIA stock. This fund was launched on September 13, 2023, and is managed by Direxion.

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Shares, Short, Investors, Volume, Dividend