Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 11.4% - What's Next?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report)'s stock price traded up 11.4% on Thursday . The stock traded as high as $83.39 and last traded at $82.39. 560,189 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,457,549 shares. The stock had previously closed at $73.94.

Direxion Daily NVDA Bull 2X Shares Trading Down 7.1%

The firm's fifty day moving average price is $56.44 and its 200 day moving average price is $79.65. The stock has a market capitalization of $655.90 million, a price-to-earnings ratio of 42.98 and a beta of 4.15.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth about $206,000. PayPay Securities Corp acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth approximately $47,000. Lake Street Advisors Group LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth approximately $411,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $4,593,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $1,155,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.