Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) Sees Significant Growth in Short Interest

Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODUGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 210,803 shares, an increase of 100.7% from the May 14th total of 105,025 shares. Based on an average daily volume of 265,798 shares, the days-to-cover ratio is presently 0.8 days. Approximately 22.2% of the company’s stock are sold short.

Direxion Daily HOOD Bull 2X ETF Stock Up 1.9%

NASDAQ HODU opened at $11.02 on Friday. Direxion Daily HOOD Bull 2X ETF has a one year low of $5.98 and a one year high of $35.58. The company has a 50 day simple moving average of $8.82.

Direxion Daily HOOD Bull 2X ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.0705 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a yield of 2.6%.

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