Simplex Trading LLC Reduces Holdings in Direxion Daily NVDA Bull 2X Shares $NVDU

Key Points

• Simplex Trading LLC significantly reduced its stake in Direxion Daily NVDA Bull 2X Shares, selling 2,188 shares and holding only 539 shares after an 80.2% cut during the first quarter.
• Other institutional investors, like Optiver Holding B.V. and Jane Street Group LLC, increased their positions in NVDU, indicating growing hedge fund interest in the stock.
• Direxion Daily NVDA Bull 2X Shares recently announced an increase in their quarterly dividend, raising it to $0.6067 per share from the previous $0.42, reflecting a positive trend for shareholders.

Simplex Trading LLC cut its stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) by 80.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 539 shares of the company's stock after selling 2,188 shares during the quarter. Simplex Trading LLC's holdings in Direxion Daily NVDA Bull 2X Shares were worth $28,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at approximately $37,000. Western Pacific Wealth Management LP purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 921 shares of the company's stock valued at $86,000 after buying an additional 911 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 30.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,836 shares of the company's stock valued at $546,000 after buying an additional 1,361 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the first quarter valued at approximately $75,000.

Direxion Daily NVDA Bull 2X Shares Stock Down 6.5%

Shares of Direxion Daily NVDA Bull 2X Shares stock traded down $8.14 on Friday, reaching $116.91. The company's stock had a trading volume of 864,378 shares, compared to its average volume of 1,189,118. The company has a market capitalization of $654.70 million, a P/E ratio of 42.98 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 52-week low of $32.63 and a 52-week high of $142.52. The stock has a 50-day moving average price of $114.73 and a 200-day moving average price of $82.23.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.6067 dividend. This represents a $2.43 dividend on an annualized basis and a dividend yield of 2.1%. 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.

Direxion Daily NVDA Bull 2X Shares Company 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.