Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) fell 5.6% during mid-day trading on Friday . The company traded as low as $74.22 and last traded at $74.22. 699,211 shares traded hands during trading, a decline of 52% from the average session volume of 1,464,500 shares. The stock had previously closed at $78.63.
Direxion Daily NVDA Bull 2X Shares Stock Down 7.1%
The company has a market capitalization of $655.90 million, a price-to-earnings ratio of 42.98 and a beta of 4.15. The business's 50-day moving average is $56.44 and its 200-day moving average is $78.91.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.4201 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.30%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter worth about $75,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the first quarter. SBI Securities Co. Ltd. now owns 71,171 shares of the company's stock worth $3,744,000 after acquiring an additional 22,096 shares during the period. Narus Financial Partners LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter worth about $246,000. New Millennium Group LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter worth about $171,000. Finally, Beacon Capital Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter worth about $128,000.
About Direxion Daily NVDA Bull 2X Shares
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The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA stock. NVDU was launched on Sep 13, 2023 and is issued by Direxion.
Further Reading
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