Bogart Wealth LLC Invests $40,000 in Direxion Daily NVDA Bull 2X Shares $NVDU

Bogart Wealth LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during the first quarter. SBI Securities Co. Ltd. now owns 71,171 shares of the company’s stock worth $3,744,000 after acquiring an additional 22,096 shares during the last quarter. Narus Financial Partners LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth approximately $246,000. New Millennium Group LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth approximately $171,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $396,000. Finally, Headlands Technologies LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 1st quarter valued at approximately $75,000.

Direxion Daily NVDA Bull 2X Shares Stock Performance

Shares of NASDAQ:NVDU opened at $122.03 on Wednesday. The business’s fifty day moving average price is $122.53 and its two-hundred day moving average price is $96.47. The stock has a market cap of $616.25 million, a PE ratio of 42.98 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a one year low of $32.63 and a one year high of $143.36.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.4973 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.6%.

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.