Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Short Interest Up 80.9% in February

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) 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

A number of institutional investors have recently added to or reduced their stakes in NVDU. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $37,000. PayPay Securities Corp bought a new stake in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $47,000. Tucker Asset Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at about $51,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock valued at $86,000 after buying an additional 911 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after acquiring an additional 450 shares during the last quarter.

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.