Short Interest in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Decreases By 53.1%

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) experienced a notable decrease in short interest during the month of December. As of December 15th, short interest stood at 209,100 shares, which marks a significant drop of 53.1% from the 445,400 shares reported on November 30th. With an average daily trading volume of 917,000 shares, the short-interest ratio is now at a mere 0.2 days.

Institutional Investors Impact on Direxion Daily NVDA Bull 2X Shares

Recent activity among institutional investors has been noteworthy. Beaird Harris Wealth Management LLC established a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter, investing approximately $557,000. In addition, Flow Traders U.S. LLC acquired a stake valued at about $2,165,000 in the same quarter. Creative Planning also entered the picture with an investment of around $377,000 during the third quarter. AE Wealth Management LLC made an investment of roughly $533,000 in the second quarter, while Hollencrest Capital Management acquired a position worth about $111,000 during the same period.

Performance of Direxion Daily NVDA Bull 2X Shares

On Friday, shares of NVDU fell by $6.04, reaching a trading price of $96.00. During the session, 350,010 shares changed hands, contrasting with the average volume of 681,607 shares. Over the past year, NVDU has experienced a low of $26.01 and a high of $146.87, with its 50-day moving average sitting at $116.90 and the 200-day moving average at $106.48.

Dividend Announcement from Direxion Daily NVDA Bull 2X Shares

The fund recently announced a dividend payout scheduled for Tuesday, December 31st. Shareholders of record on Monday, December 23rd will receive a dividend of $0.6505 per share, with the ex-dividend date also set for December 23rd.

About Direxion Daily NVDA Bull 2X Shares

The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that primarily focuses on investments in the information technology sector. This fund provides investors with 2x leveraged exposure—before fees and expenses—to the daily price movements of NVIDIA stock. NVDU was launched on September 13, 2023, by Direxion.

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