Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) Short Interest Up 783.3% in March

Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 21,200 shares, a growth of 783.3% from the February 29th total of 2,400 shares. Based on an average trading volume of 354,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily NVDA Bull 1.5X Shares stock. IMC Chicago LLC purchased a new stake in Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,789 shares of the company’s stock, valued at approximately $802,000. IMC Chicago LLC owned approximately 2.13% of Direxion Daily NVDA Bull 1.5X Shares as of its most recent SEC filing.

Direxion Daily NVDA Bull 1.5X Shares Trading Down 0.0 %

Shares of NVDU traded down $0.03 during midday trading on Friday, hitting $65.82. 185,882 shares of the company traded hands, compared to its average volume of 377,929. Direxion Daily NVDA Bull 1.5X Shares has a one year low of $20.18 and a one year high of $74.51. The stock has a 50-day moving average of $53.39 and a 200-day moving average of $35.82.

Direxion Daily NVDA Bull 1.5X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were issued a dividend of $0.2606 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Direxion Daily NVDA Bull 1.5X Shares’s previous quarterly dividend of $0.18.