NorthRock Partners LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,207 shares of the company's stock, valued at approximately $1,517,000. NorthRock Partners LLC owned 0.22% of Direxion Daily NVDA Bull 2X Shares at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at $4,593,000. Virtu Financial LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth about $1,155,000. Lake Street Advisors Group LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth about $411,000. Barclays PLC increased its position in Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company's stock valued at $136,000 after acquiring an additional 450 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Direxion Daily NVDA Bull 2X Shares by 54.8% in the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company's stock worth $7,660,000 after acquiring an additional 28,963 shares during the last quarter.
Direxion Daily NVDA Bull 2X Shares Price Performance
Shares of NVDU stock traded up $0.17 during trading hours on Monday, reaching $74.90. 1,093,013 shares of the company were exchanged, compared to its average volume of 1,476,869. The company has a market cap of $672.60 million, a price-to-earnings ratio of 34.72 and a beta of 4.15. The stock's fifty day moving average is $54.47 and its two-hundred day moving average is $82.76. Direxion Daily NVDA Bull 2X Shares has a fifty-two week low of $32.63 and a fifty-two week high of $146.87.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.4201 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.24%. 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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