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 daily trading volume, of 354,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 1.5X Shares

An institutional investor recently bought a new position in Direxion Daily NVDA Bull 1.5X Shares stock. IMC Chicago LLC bought a new position in Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 filing with the SEC.

Direxion Daily NVDA Bull 1.5X Shares Price Performance

Shares of NASDAQ NVDU traded up $0.36 during trading hours on Thursday, hitting $66.21. The company’s stock had a trading volume of 137,876 shares, compared to its average volume of 376,998. The stock has a 50-day moving average price of $52.76. Direxion Daily NVDA Bull 1.5X Shares has a 12 month low of $20.18 and a 12 month high of $74.51.

Direxion Daily NVDA Bull 1.5X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were issued a $0.2606 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $1.04 annualized dividend and a yield of 1.57%. This is a boost from Direxion Daily NVDA Bull 1.5X Shares’s previous quarterly dividend of $0.18.