Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Up 253.5% in November

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 445,400 shares, an increase of 253.5% from the November 15th total of 126,000 shares. Based on an average daily trading volume, of 913,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $206,000. Modera Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $556,000. Hollencrest Capital Management acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $111,000. AE Wealth Management LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $533,000. Finally, Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000.

Direxion Daily NVDA Bull 2X Shares Stock Up 6.3 %

NVDU traded up $6.88 during midday trading on Wednesday, hitting $116.88. 596,038 shares of the company were exchanged, compared to its average volume of 668,407. The firm’s 50 day moving average price is $119.34 and its 200-day moving average price is $106.72. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $25.24 and a 1-year high of $146.87.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.4973 dividend. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, September 24th.

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.