Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 6.6% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were up 6.6% during trading on Wednesday . The stock traded as high as $134.45 and last traded at $134.33. 241,111 shares changed hands during trading, a decline of 51% from the average session volume of 490,134 shares. The stock had previously closed at $126.01.

Direxion Daily NVDA Bull 2X Shares Price Performance

The business’s fifty day moving average price is $132.12 and its 200 day moving average price is $121.06. The stock has a market cap of $645.94 million, a P/E ratio of 42.98 and a beta of 3.79.

Direxion Daily NVDA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.694 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.78 annualized dividend and a yield of 2.1%.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PayPay Securities Corp lifted its stake in shares of Direxion Daily NVDA Bull 2X Shares by 52.5% in the 4th quarter. PayPay Securities Corp now owns 334 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $69,000. Group One Trading LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $175,000. TRUE Private Wealth Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $204,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $262,000.

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.