Direxion Daily NVDA Bull 2X Shares to Issue Quarterly Dividend of $0.50 (NASDAQ:NVDU)

Key Points

• The Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) announced a quarterly dividend of $0.4973 per share to stockholders of record on September 23rd, 2023, resulting in an annualized yield of 1.7%.
• Recently, NVDU stock experienced a significant decline, trading down 6.0% to $120.41, with a twelve month range between $32.63 and $142.52.
• Launched on September 13, 2023, NVDU is an exchange-traded fund that provides 2x leveraged exposure to the daily price movements of NVIDIA stock.

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) announced a quarterly dividend on Monday, September 22nd, NASDAQ Dividends reports. Stockholders of record on Tuesday, September 23rd will be given a dividend of 0.4973 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 23rd.

Direxion Daily NVDA Bull 2X Shares Stock Down 6.0%

NVDU stock traded down $7.66 during midday trading on Tuesday, reaching $120.41. The stock had a trading volume of 771,310 shares, compared to its average volume of 1,146,466. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $32.63 and a twelve month high of $142.52. The firm has a market cap of $674.30 million, a price-to-earnings ratio of 42.98 and a beta of 4.15. The business has a fifty day simple moving average of $120.32 and a two-hundred day simple moving average of $86.63.

About Direxion Daily NVDA Bull 2X Shares

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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