Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 612,400 shares, a growth of 80.9% from the February 13th total of 338,500 shares. Based on an average trading volume of 1,358,100 shares, the short-interest ratio is currently 0.5 days. Approximately 8.2% of the shares of the company are short sold.
Direxion Daily NVDA Bull 2X Shares Stock Up 10.1 %
NASDAQ:NVDU traded up $6.16 during mid-day trading on Friday, hitting $67.06. 1,535,912 shares of the stock traded hands, compared to its average volume of 1,567,828. The company has a market cap of $502.95 million, a PE ratio of 43.41 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $44.91 and a 12-month high of $146.87. The business’s 50-day moving average price is $81.73 and its 200 day moving average price is $97.87.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.6505 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Inflows and Outflows
About Direxion Daily NVDA Bull 2X Shares
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.
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