Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) traded down 7.5% on Friday . The stock traded as low as $121.80 and last traded at $122.62. 635,299 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 654,582 shares. The stock had previously closed at $132.52.
Direxion Daily NVDA Bull 2X Shares Stock Down 6.6 %
The business has a 50-day moving average of $108.46 and a 200-day moving average of $99.71.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.4973 dividend. This represents a $1.99 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48.
Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares
A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company's stock valued at $136,000 after acquiring an additional 450 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $2,165,000. Captrust Financial Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth about $374,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $377,000. Finally, AE Wealth Management LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $533,000.
Direxion Daily NVDA Bull 2X Shares Company Profile
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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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