Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report)'s stock price traded down 5.6% 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 Up 5.6%
The company has a market capitalization of $724.60 million, a PE ratio of 42.98 and a beta of 4.15. The company's 50 day moving average is $56.81 and its two-hundred day moving average is $78.58.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.4201 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.08%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in Direxion Daily NVDA Bull 2X Shares by 54.8% in the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock worth $7,660,000 after acquiring an additional 28,963 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during the first quarter. SBI Securities Co. Ltd. now owns 71,171 shares of the company's stock valued at $3,744,000 after acquiring an additional 22,096 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company's stock valued at $3,967,000 after acquiring an additional 40,512 shares during the period. NorthRock Partners LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $1,517,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $1,155,000.
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.
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