Decline in Short Interest for Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) experienced a significant reduction in short interest during February. As of February 15th, total short interest amounted to 338,500 shares, marking a substantial decrease of 51.7% from the 700,400 shares reported on January 31st. 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

Several major investors have recently adjusted their holdings in NVDU. SBI Securities Co. Ltd. took a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter, investing approximately $4,593,000. Optiver Holding B.V. significantly increased its stake by 2,158.3% during the same period and now owns 42,389 shares valued at around $3,967,000 after acquiring an additional 40,512 shares. Additionally, Jane Street Group LLC raised its stake by 54.8%, owning a total of 81,848 shares worth approximately $7,660,000 following a purchase of 28,963 shares in the fourth quarter. Flow Traders U.S. LLC also entered a new position valued at about $2,165,000 in the third quarter, while NorthRock Partners LLC acquired a new stake valued at approximately $1,517,000 in the fourth quarter.

Direxion Daily NVDA Bull 2X Shares Stock Performance

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

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company recently announced a dividend payment on December 31st, which was distributed to investors who were on record as of December 23rd. The dividend amount was $0.6505 per share, with the ex-dividend date also set for December 23rd.

Direxion Daily NVDA Bull 2X Shares Company Profile

The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund primarily focused on investments in information technology equity. This fund offers 2x leveraged exposure to the daily price movements of NVIDIA stock, adjusting for fees and expenses. NVDU was launched on September 13, 2023, under the management of Direxion.

Featured Insights

• Discover five stocks that may outperform Direxion Daily NVDA Bull 2X Shares
• Find out how to invest in low-cost dividend stocks
• Learn about Autodesk's potential for investors amid upward trends
• Explore three REITs ideal for long-term investments
• Is Anheuser-Busch's stock rally an indication of recovery?
• Know the market holidays for NYSE and NASDAQ from 2022 to 2025
• Read the MarketBeat Week in Review from February 24 to February 28

This news update has been generated using advanced algorithms and financial data to provide readers with timely and accurate information.

Should You Invest $1,000 in Direxion Daily NVDA Bull 2X Shares Right Now?

Before considering an investment in Direxion Daily NVDA Bull 2X Shares, it's essential to gather insights.

Market analysts are continually tracking the top-rated stocks and providing recommendations to their clients. Recently, MarketBeat identified five stocks that leading analysts recommend purchasing before they gain broader market attention, and Direxion Daily NVDA Bull 2X Shares was not included.

Although the current consensus rating for Direxion Daily NVDA Bull 2X Shares is a Hold, analysts suggest these five alternatives could be more favorable investments.

stocks, investment, ETFs