Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Down 38.4% in October

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 126,800 shares, a drop of 38.4% from the September 30th total of 206,000 shares. Based on an average daily trading volume, of 984,700 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily NVDA Bull 2X Shares Trading Up 1.4 %

NASDAQ:NVDU opened at $124.61 on Monday. Direxion Daily NVDA Bull 2X Shares has a one year low of $20.18 and a one year high of $146.87. The stock has a 50-day simple moving average of $99.57 and a 200 day simple moving average of $93.01.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a $0.4973 dividend. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Several large investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter worth approximately $111,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $206,000. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $377,000. AE Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth about $533,000. Finally, Modera Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $556,000.

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.