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

Posted by Kyle Jackson on Jan 15th, 2025

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 162,300 shares, a decline 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 Trading Up 6.6 %

Shares of NVDU stock traded up $5.86 during mid-day trading on Wednesday, reaching $95.04. The company’s stock had a trading volume of 625,468 shares, compared to its average volume of 1,001,641. The firm’s 50-day moving average is $111.15 and its two-hundred day moving average is $104.37. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $32.21 and a 1-year high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.6505 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

A number of hedge funds have recently modified their holdings of NVDU. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $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 $533,000. Creative Planning acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $377,000. Captrust Financial Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $374,000. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $2,165,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report)

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.