Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) Stock Jumps 4.2% – What’s Next?

Shares of Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) rose 4.2% on Wednesday. The company traded as high as $7.92 and last traded at $7.70. 240,011 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 169,990 shares. The stock had previously closed at $7.39.

Direxion Daily HOOD Bull 2X ETF Stock Up 4.2%

The company has a 50 day moving average price of $12.26 and a 200-day moving average price of $10.72.

Direxion Daily HOOD Bull 2X ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were given a $0.0356 dividend. This is a decrease from Direxion Daily HOOD Bull 2X ETF’s previous quarterly dividend of $0.0578. This represents a $0.14 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 22nd.

Institutional Trading of Direxion Daily HOOD Bull 2X ETF

A hedge fund recently bought a new stake in Direxion Daily HOOD Bull 2X ETF stock. StoneX Group Inc. acquired a new stake in Direxion Daily HOOD Bull 2X ETF (NASDAQ:HODU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,653 shares of the company’s stock, valued at approximately $342,000. StoneX Group Inc. owned 2.57% of Direxion Daily HOOD Bull 2X ETF at the end of the most recent reporting period.