Direxion Daily NVDA Bull 2X Shares Sees Significant Decline in Short Interest

The Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) experienced a notable decline in short interest during February. As reported on February 15th, the total short interest was 338,500 shares, reflecting a substantial decrease of 51.7% from the short interest level of 700,400 shares at the end of January. With an average daily trading volume of 1,194,300 shares, the current days-to-cover ratio stands at 0.3 days.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Recently, several large investors have adjusted their holdings in NVDU. SBI Securities Co. Ltd. established a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter, with an investment of approximately $4,593,000. Optiver Holding B.V. significantly increased its stake by 2,158.3% during the same quarter, now owning 42,389 shares valued at around $3,967,000 after purchasing 40,512 additional shares. Another notable investor, Jane Street Group LLC, raised its ownership by 54.8% to 81,848 shares worth $7,660,000 after acquiring 28,963 shares in the last quarter. Additionally, Flow Traders U.S. LLC and NorthRock Partners LLC entered the market with new stakes valued at approximately $2,165,000 and $1,517,000, respectively.

Direxion Daily NVDA Bull 2X Shares Stock Performance

On Friday, stocks of NASDAQ NVDU rose by $5.12, reaching a trading price of $72.60. During this trading session, 1,962,345 shares changed hands, surpassing the average trading volume of 1,493,935. The fifty-day simple moving average for the stock is currently at $89.81, while the two-hundred-day simple moving average stands at $101.04. Over the past year, Direxion Daily NVDA Bull 2X Shares recorded a low of $44.91 and a high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

In a recent development, the company declared a dividend that was distributed on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.6505 per share, with the ex-dividend date also set for December 23rd.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report) Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that primarily invests in information technology stocks. The fund aims to provide 2x leveraged exposure to the daily price movements of NVIDIA shares, subject to fees and expenses. Launched on September 13, 2023, it is managed by Direxion.

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This summary was generated with narrative science technology using financial data to provide quick and accurate reporting.

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Direxion, NVIDIA, Stocks