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