Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 8.1% – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDUGet Free Report) shares were up 8.1% on Wednesday . The company traded as high as $145.72 and last traded at $145.00. Approximately 236,353 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 464,918 shares. The stock had previously closed at $134.12.

Direxion Daily NVDA Bull 2X Shares Stock Up 9.0%

The stock has a market cap of $668.09 million, a price-to-earnings ratio of 42.98 and a beta of 3.81. The company has a 50 day simple moving average of $127.17 and a 200-day simple moving average of $124.48.

Direxion Daily NVDA Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.694 per share. 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 1.9%.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several institutional investors have recently made changes to their positions in NVDU. Virtu Financial LLC lifted its position in Direxion Daily NVDA Bull 2X Shares by 600.0% during the fourth quarter. Virtu Financial LLC now owns 19,859 shares of the company’s stock worth $2,338,000 after acquiring an additional 17,022 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Direxion Daily NVDA Bull 2X Shares by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the company’s stock valued at $496,000 after buying an additional 416 shares during the period. Tucker Asset Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $69,000. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily NVDA Bull 2X Shares by 0.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 38,293 shares of the company’s stock valued at $4,508,000 after buying an additional 351 shares during the period. Finally, Captrust Financial Advisors raised its position in Direxion Daily NVDA Bull 2X Shares by 68.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,985 shares of the company’s stock valued at $988,000 after purchasing an additional 4,050 shares in the last quarter.

Direxion Daily NVDA Bull 2X Shares Company Profile

(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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