Direxion Daily NVDA Bull 2X Shares (NVDU) to Issue Quarterly Dividend of $0.53 on March 31st

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.5254 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily NVDA Bull 2X Shares Stock Down 0.7%

Shares of NVDU stock opened at $98.50 on Wednesday. The company has a market capitalization of $453.10 million, a P/E ratio of 42.98 and a beta of 4.20. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $32.63 and a 12-month high of $165.77. The firm has a 50-day moving average price of $111.77 and a 200 day moving average price of $119.34.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

A number of large investors have recently bought and sold shares of NVDU. UBS Group AG increased its holdings in Direxion Daily NVDA Bull 2X Shares by 120.0% during the 3rd quarter. UBS Group AG now owns 275,000 shares of the company’s stock valued at $36,061,000 after purchasing an additional 149,978 shares in the last quarter. IMC Chicago LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $5,211,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter worth $2,175,000. HRT Financial LP bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth $1,925,000. Finally, Virtu Financial LLC increased its stake in shares of Direxion Daily NVDA Bull 2X Shares by 600.0% in the fourth quarter. Virtu Financial LLC now owns 19,859 shares of the company’s stock valued at $2,338,000 after buying an additional 17,022 shares in the last quarter.

About Direxion Daily NVDA Bull 2X Shares

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.