NorthRock Partners LLC Purchases Shares of 16,207 Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

NorthRock Partners LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the 4th quarter, HoldingsChannel reports. The fund acquired 16,207 shares of the company’s stock, valued at approximately $1,517,000.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $4,593,000. Optiver Holding B.V. boosted its stake in shares of Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company’s stock valued at $3,967,000 after purchasing an additional 40,512 shares during the period. Jane Street Group LLC grew its holdings in Direxion Daily NVDA Bull 2X Shares by 54.8% during the 4th quarter. Jane Street Group LLC now owns 81,848 shares of the company’s stock valued at $7,660,000 after purchasing an additional 28,963 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at $1,155,000. Finally, Lake Street Advisors Group LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth $411,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

Shares of NVDU stock opened at $74.89 on Thursday. The company’s fifty day moving average price is $53.61 and its two-hundred day moving average price is $83.88. The firm has a market capitalization of $672.51 million, a P/E ratio of 34.72 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $32.63 and a 12 month high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.4201 dividend. 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.

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.