Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report)'s share price were up 4.5% during trading on Wednesday . The company traded as high as $91.80 and last traded at $91.06. Approximately 361,243 shares were traded during trading, a decline of 74% from the average daily volume of 1,380,841 shares. The stock had previously closed at $87.14.
Direxion Daily NVDA Bull 2X Shares Price Performance
The business has a 50 day moving average of $70.63 and a 200 day moving average of $74.27. The firm has a market capitalization of $886.86 million, a price-to-earnings ratio of 42.98 and a beta of 4.15.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.6067 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This is a positive change from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.42. This represents a $2.43 annualized dividend and a yield of 2.46%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDU. SBI Securities Co. Ltd. bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth about $4,593,000. Optiver Holding B.V. lifted its holdings in 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 acquiring an additional 40,512 shares in the last quarter. Jane Street Group LLC lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 54.8% during 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. NorthRock Partners LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth about $1,517,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth about $1,155,000.
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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