Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $106.30, but opened at $115.44. Direxion Daily NVDA Bull 2X Shares shares last traded at $114.70, with a volume of 509,840 shares traded.
Direxion Daily NVDA Bull 2X Shares Stock Down 0.9%
The firm has a market capitalization of $763.88 million, a price-to-earnings ratio of 42.98 and a beta of 4.15. The stock's 50 day moving average price is $87.25 and its two-hundred day moving average price is $75.37.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.6067 per share. This represents a $2.43 dividend on an annualized basis and a yield of 2.07%. This is a boost from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, June 24th.
Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares
A number of hedge funds have recently bought and sold shares of NVDU. Western Pacific Wealth Management LP bought a new stake in Direxion Daily NVDA Bull 2X Shares during the first quarter valued at about $26,000. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $37,000. SOA Wealth Advisors LLC. bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $44,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $51,000. Finally, Headlands Technologies LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter valued at about $75,000.
Direxion Daily NVDA Bull 2X Shares Company Profile
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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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