Wealthcare Advisory Partners LLC Takes $396,000 Position in Direxion Daily NVDA Bull 2X Shares $NVDU

Key Points

• Wealthcare Advisory Partners LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares, purchasing 4,000 shares valued at approximately $396,000 during the second quarter.
• Direxion Daily NVDA Bull 2X Shares has seen institutional interest, with multiple investors including SBI Securities Co. Ltd. increasing their holdings by 45.0% in the first quarter.
• The stock recently announced a dividend of $0.4973 per share, translating to an annualized yield of 1.4% for investors, despite experiencing a market cap of $695.25 million.

Wealthcare Advisory Partners LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,000 shares of the company's stock, valued at approximately $396,000. Wealthcare Advisory Partners LLC owned approximately 0.06% of Direxion Daily NVDA Bull 2X Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NVDU. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the first quarter. SBI Securities Co. Ltd. now owns 71,171 shares of the company's stock valued at $3,744,000 after buying an additional 22,096 shares in the last quarter. Narus Financial Partners LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter valued at $246,000. New Millennium Group LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter valued at $171,000. Beacon Capital Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter valued at $128,000. Finally, Headlands Technologies LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the first quarter valued at $75,000.

Direxion Daily NVDA Bull 2X Shares Trading Up 3.6%

NVDU opened at $139.05 on Friday. The stock has a market cap of $695.25 million, a price-to-earnings ratio of 42.98 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 1 year low of $32.63 and a 1 year high of $143.00. The stock has a fifty day moving average price of $122.88 and a 200 day moving average price of $92.25.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.4973 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $1.99 dividend on an annualized basis and a yield of 1.4%.

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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