Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 105,025 shares, a decrease of 74.5% from the April 30th total of 411,698 shares. Based on an average daily volume of 283,311 shares, the days-to-cover ratio is presently 0.4 days. Approximately 11.1% of the shares of the stock are sold short.
Direxion Daily HOOD Bull 2X ETF Price Performance
HODU stock traded up $2.14 during midday trading on Friday, hitting $11.60. The company’s stock had a trading volume of 716,766 shares, compared to its average volume of 161,845. Direxion Daily HOOD Bull 2X ETF has a 12 month low of $5.98 and a 12 month high of $35.58. The business has a 50 day moving average price of $8.31.
Direxion Daily HOOD Bull 2X ETF Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.0705 dividend. This represents a $0.28 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, March 24th.
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