Narus Financial Partners LLC Purchases New Holdings in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Narus Financial Partners LLC bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NVDU. Jane Street Group LLC boosted its stake in Direxion Daily NVDA Bull 2X Shares by 54.8% during the 4th quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock valued at $7,660,000 after purchasing an additional 28,963 shares in the last quarter. Optiver Holding B.V. raised its position 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 worth $3,967,000 after acquiring an additional 40,512 shares in the last quarter. NorthRock Partners LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $1,517,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $1,155,000. Finally, Snowden Capital Advisors LLC boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 30.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 5,836 shares of the company's stock worth $546,000 after buying an additional 1,361 shares in the last quarter.

Direxion Daily NVDA Bull 2X Shares Stock Up 1.5%

NASDAQ:NVDU traded up $1.56 during trading hours on Friday, reaching $108.00. 688,078 shares of the company's stock were exchanged, compared to its average volume of 1,333,683. The company has a market capitalization of $725.76 million, a P/E ratio of 42.98 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $32.63 and a 12 month high of $142.52. The business's 50-day simple moving average is $80.27 and its two-hundred day simple moving average is $74.80.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.6067 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.43 dividend on an annualized basis and a yield of 2.25%. This is a boost from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.42.

Direxion Daily NVDA Bull 2X Shares 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.