Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 5.6% – Here’s Why

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) were up 5.6% during mid-day trading on Tuesday . The stock traded as high as $132.17 and last traded at $131.82. 70,931 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 460,663 shares. The stock had previously closed at $124.78.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm’s 50-day simple moving average is $126.41 and its 200 day simple moving average is $123.47. The stock has a market capitalization of $584.41 million, a P/E ratio of 42.98 and a beta of 3.80.

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Direxion Daily NVDA Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.694 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of NVDU. Tucker Asset Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at approximately $69,000. Group One Trading LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $175,000. TRUE Private Wealth Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $204,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $262,000. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $264,000.

About Direxion Daily NVDA Bull 2X Shares

(Get 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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