Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 510,000 shares, a decrease of 50.0% from the May 15th total of 1,020,000 shares. Based on an average daily trading volume, of 1,366,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 5.7% of the company's shares are short sold.
Direxion Daily NVDA Bull 2X Shares Trading Down 4.2%
NASDAQ NVDU opened at $81.14 on Friday. The business's 50-day moving average price is $62.81 and its 200 day moving average price is $76.38. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $32.63 and a twelve month high of $146.87. The company has a market capitalization of $608.55 million, a PE ratio of 42.98 and a beta of 4.15.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.4201 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%.
Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares
A number of large investors have recently modified their holdings of NVDU. Jane Street Group LLC grew its stake in Direxion Daily NVDA Bull 2X Shares by 54.8% during the 4th quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock valued at $7,660,000 after purchasing an additional 28,963 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 71,171 shares of the company's stock worth $3,744,000 after purchasing an additional 22,096 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the 4th quarter. Optiver Holding B.V. now owns 42,389 shares of the company's stock worth $3,967,000 after purchasing an additional 40,512 shares during the last quarter. NorthRock Partners LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at $1,517,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at $1,155,000.
About Direxion Daily NVDA Bull 2X Shares
(
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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.
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