SBI Securities Co. Ltd. Has $3.74 Million Position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) by 45.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,171 shares of the company's stock after purchasing an additional 22,096 shares during the period. SBI Securities Co. Ltd. owned approximately 0.78% of Direxion Daily NVDA Bull 2X Shares worth $3,744,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NVDU. Optiver Holding B.V. grew its stake in Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company's stock valued at $3,967,000 after acquiring an additional 40,512 shares during the period. Jane Street Group LLC grew its stake in Direxion Daily NVDA Bull 2X Shares by 54.8% in the fourth 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 acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $1,517,000. Virtu Financial LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $1,155,000. Finally, Narus Financial Partners LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the first quarter valued at about $246,000.

Direxion Daily NVDA Bull 2X Shares Stock Performance

NASDAQ:NVDU traded up $2.27 on Thursday, reaching $117.99. The company's stock had a trading volume of 1,025,956 shares, compared to its average volume of 1,318,868. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $32.63 and a 1-year high of $142.52. The firm has a market cap of $770.47 million, a PE ratio of 42.98 and a beta of 4.15. The business's 50-day moving average price is $86.03 and its two-hundred day moving average price is $75.21.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a $0.6067 dividend. This represents a $2.43 dividend on an annualized basis and a yield of 2.06%. This is a boost from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, June 24th.

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.