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 large growth in short interest in October. As of October 15th, there was short interest totaling 244,400 shares, a growth of 66.6% from the September 30th total of 146,700 shares. Based on an average daily trading volume, of 626,100 shares, the short-interest ratio is presently 0.4 days. Currently, 4.9% of the shares of the company are sold short. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 626,100 shares, the short-interest ratio is presently 0.4 days. Institutional Inflows and OutflowsA number of hedge funds have recently bought and sold shares of the business. FWG Investments LLC. purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $306,000. Bogart Wealth LLC grew its position in shares of Direxion Daily NVDA Bull 2X Shares by 25.0% during the 3rd quarter. Bogart Wealth LLC now owns 500 shares of the company's stock valued at $66,000 after purchasing an additional 100 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth $42,000. Meadowbrook Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth $1,256,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Direxion Daily NVDA Bull 2X Shares by 599.0% in the second quarter. Tower Research Capital LLC TRC now owns 12,868 shares of the company's stock worth $1,274,000 after buying an additional 11,027 shares in the last quarter.Direxion Daily NVDA Bull 2X Shares Stock PerformanceDirexion Daily NVDA Bull 2X Shares stock traded down $0.57 during mid-day trading on Friday, reaching $151.16. The company's stock had a trading volume of 450,167 shares, compared to its average volume of 1,073,289. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $32.63 and a 12-month high of $165.77. The company has a market capitalization of $728.59 million, a P/E ratio of 42.98 and a beta of 4.20. The firm's fifty day moving average price is $125.05 and its two-hundred day moving average price is $101.55. Direxion Daily NVDA Bull 2X Shares Cuts DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a $0.4973 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 23rd. 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.Further ReadingFive stocks we like better than Direxion Daily NVDA Bull 2X SharesWhich Wall Street Analysts are the Most Accurate?Is Beyond Meat a Buy After Meme Stock Surge? Analysts Say NoStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeABBV Stock: $250 May Be the New Floor After Big Q3 Earnings BeatDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Super Micro's Moment of Truth: A Growth Story Under PressureThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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