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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,100,000 shares, an increase of 79.6% from the February 28th total of 612,400 shares. Currently, 14.7% of the company's shares are short sold. Based on an average daily trading volume, of 1,430,400 shares, the short-interest ratio is currently 0.8 days.Institutional Trading of Direxion Daily NVDA Bull 2X SharesSeveral hedge funds have recently made changes to their positions in NVDU. JPMorgan Chase & Co. purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth approximately $37,000. PayPay Securities Corp acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $47,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $51,000. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 921 shares of the company's stock valued at $86,000 after acquiring an additional 911 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company's stock valued at $136,000 after purchasing an additional 450 shares during the period. Direxion Daily NVDA Bull 2X Shares Price PerformanceShares of NVDU stock traded down $1.84 on Friday, hitting $53.49. The stock had a trading volume of 824,376 shares, compared to its average volume of 1,484,769. The company's 50 day moving average price is $74.42 and its 200-day moving average price is $96.21. Direxion Daily NVDA Bull 2X Shares has a 1 year low of $44.91 and a 1 year high of $146.87. The firm has a market capitalization of $401.18 million, a P/E ratio of 43.89 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares Cuts DividendThe firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.4201 per share. The ex-dividend date is Tuesday, March 25th. This represents a $1.68 dividend on an annualized basis and a yield of 3.14%. Direxion Daily NVDA Bull 2X Shares Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Direxion Daily NVDA Bull 2X SharesHow to Invest in Biotech StocksMarketBeat Week in Review – 03/24 - 03/28The Top 3 Healthcare Dividend Stocks to Buy and HoldShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowHow to Capture the Benefits of Dividend Increases4 Healthcare Stocks With Massive Gains—and More to ComeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Direxion Daily NVDA Bull 2X Shares Right Now?Before you consider Direxion Daily NVDA Bull 2X Shares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily NVDA Bull 2X Shares wasn't on the list.While Direxion Daily NVDA Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here