Jane Street Group LLC boosted its stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) by 54.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,848 shares of the company's stock after purchasing an additional 28,963 shares during the period. Jane Street Group LLC owned about 1.09% of Direxion Daily NVDA Bull 2X Shares worth $7,660,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $37,000. PayPay Securities Corp bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at approximately $47,000. Tucker Asset Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth $51,000. Tower Research Capital LLC TRC increased its stake 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 buying an additional 911 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company's stock worth $136,000 after acquiring an additional 450 shares during the period.
Direxion Daily NVDA Bull 2X Shares Stock Down 1.4 %
NVDU traded down $0.77 during trading on Friday, hitting $56.04. 669,940 shares of the company traded hands, compared to its average volume of 1,482,949. The firm has a market cap of $503.24 million, a P/E ratio of 34.72 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a one year low of $32.63 and a one year high of $146.87. The stock's fifty day moving average is $53.05 and its 200 day moving average is $84.75.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.4201 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, March 25th.
About Direxion Daily NVDA Bull 2X Shares
(
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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