Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $70.16, but opened at $73.38. Direxion Daily NVDA Bull 2X Shares shares last traded at $73.25, with a volume of 337,583 shares.
Direxion Daily NVDA Bull 2X Shares Stock Performance
The firm's 50-day moving average price is $56.28 and its two-hundred day moving average price is $80.08. The firm has a market cap of $706.10 million, a PE ratio of 42.98 and a beta of 4.15.
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 was Tuesday, March 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.14%.
Institutional Trading of Direxion Daily NVDA Bull 2X Shares
Several institutional investors and hedge funds have recently bought and sold shares of NVDU. SBI Securities Co. Ltd. acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $4,593,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 2,158.3% during the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company's stock worth $3,967,000 after buying an additional 40,512 shares during the last quarter. Jane Street Group LLC increased its position in Direxion Daily NVDA Bull 2X Shares by 54.8% in the 4th quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock valued at $7,660,000 after acquiring an additional 28,963 shares during the period. NorthRock Partners LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at approximately $1,517,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth approximately $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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