Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) Short Interest Update

Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 40,600 shares, an increase of 91.5% from the March 15th total of 21,200 shares. Based on an average daily trading volume, of 73,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily NVDA Bull 1.5X Shares

A hedge fund recently bought a new stake in Direxion Daily NVDA Bull 1.5X Shares stock. Citigroup Inc. bought a new position in shares of Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:NVDU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $2,375,000. Citigroup Inc. owned approximately 15.38% 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

NVDU opened at $65.63 on Friday. Direxion Daily NVDA Bull 1.5X Shares has a 52-week low of $20.18 and a 52-week high of $74.51. The business’s fifty day moving average is $58.32 and its 200-day moving average is $38.17.

Direxion Daily NVDA Bull 1.5X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.2606 per share. This is a positive change from Direxion Daily NVDA Bull 1.5X Shares’s previous quarterly dividend of $0.18. This represents a $1.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, March 19th.