Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Sees Significant Increase in Short Interest

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 39,100 shares, a growth of 60.9% from the March 31st total of 24,300 shares. Based on an average trading volume of 389,200 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily NVDA Bull 2X Shares Stock Up 12.4 %

Shares of NVDU stock traded up $6.62 during trading on Friday, reaching $59.87. The company had a trading volume of 456,756 shares, compared to its average volume of 358,326. The firm's 50 day simple moving average is $60.10 and its two-hundred day simple moving average is $40.77. Direxion Daily NVDA Bull 2X Shares has a one year low of $20.18 and a one year high of $74.51.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were given a $0.2606 dividend. This is an increase from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.18. This represents a $1.04 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC increased its position in Direxion Daily NVDA Bull 2X Shares by 41,174.4% in the 1st quarter. Simplex Trading LLC now owns 17,748 shares of the company's stock worth $1,168,000 after buying an additional 17,705 shares during the period. IMC Chicago LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $802,000. Finally, Citigroup Inc. bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $2,375,000.

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.