Snowden Capital Advisors LLC Acquires 1,361 Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Snowden Capital Advisors LLC increased its holdings in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 30.4% during the 4th quarter, HoldingsChannel reports. The firm owned 5,836 shares of the company’s stock after buying an additional 1,361 shares during the period. Snowden Capital Advisors LLC’s holdings in Direxion Daily NVDA Bull 2X Shares were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Jane Street Group LLC increased its position in Direxion Daily NVDA Bull 2X Shares by 54.8% during the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company’s stock valued at $7,660,000 after acquiring an additional 28,963 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $4,593,000. Optiver Holding B.V. grew its holdings 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 worth $3,967,000 after purchasing an additional 40,512 shares during the last quarter. NorthRock Partners LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth about $1,517,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth about $1,155,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

NASDAQ:NVDU opened at $73.70 on Wednesday. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $32.63 and a 1-year high of $146.87. The company has a 50-day moving average of $55.01 and a 200 day moving average of $82.43. The firm has a market cap of $661.83 million, a PE ratio of 34.72 and a beta of 4.15.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, March 25th.

Direxion Daily NVDA Bull 2X Shares 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.