Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) Sees Significant Increase in Short Interest

Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 210,803 shares, a growth of 100.7% from the May 14th total of 105,025 shares. Approximately 22.2% of the shares of the stock are sold short. Based on an average daily volume of 265,798 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily HOOD Bull 2X ETF Stock Performance

Direxion Daily HOOD Bull 2X ETF stock traded up $1.74 during trading hours on Monday, hitting $12.76. The stock had a trading volume of 212,950 shares, compared to its average volume of 177,655. Direxion Daily HOOD Bull 2X ETF has a 1-year low of $5.98 and a 1-year high of $35.58. The firm has a fifty day simple moving average of $8.82.

Direxion Daily HOOD Bull 2X ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.0705 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%.