NorthRock Partners LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 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 quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $37,000. Barclays PLC raised 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 in the last quarter. PayPay Securities Corp acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at approximately $47,000. Tucker Asset Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $51,000. Finally, Tower Research Capital LLC TRC lifted 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 purchasing an additional 911 shares during the last quarter.
Direxion Daily NVDA Bull 2X Shares Trading Down 2.2%
NVDU stock traded down $1.64 during mid-day trading on Tuesday, hitting $73.27. 592,964 shares of the company were exchanged, compared to its average volume of 1,468,218. The stock has a market capitalization of $657.96 million, a PE ratio of 34.72 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 $146.87. The business has a 50 day simple moving average of $54.75 and a 200-day simple moving average of $82.49.
Direxion Daily NVDA Bull 2X Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.4201 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 25th.
Direxion Daily NVDA Bull 2X Shares Profile
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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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