Narus Financial Partners LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,670 shares of the company's stock, valued at approximately $246,000. Narus Financial Partners LLC owned 0.05% of Direxion Daily NVDA Bull 2X Shares at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 1st quarter valued at approximately $26,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at approximately $37,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at approximately $51,000. Tower Research Capital LLC TRC increased its position in Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 921 shares of the company's stock valued at $86,000 after acquiring an additional 911 shares during the period. Finally, Beacon Capital Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 1st quarter valued at approximately $128,000.
Direxion Daily NVDA Bull 2X Shares Stock Performance
Shares of NVDU stock traded up $0.96 during mid-day trading on Friday, hitting $107.40. 781,984 shares of the stock traded hands, compared to its average volume of 1,334,479. 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 $719.58 million, a price-to-earnings ratio of 42.98 and a beta of 4.15. The company's 50-day simple moving average is $81.33 and its 200-day simple moving average is $74.46.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.6067 per share. The ex-dividend date was Tuesday, June 24th. This is a boost from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.42. This represents a $2.43 annualized dividend and a dividend yield of 2.26%.
Direxion Daily NVDA Bull 2X Shares Profile
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Free Report)
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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