Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report)'s stock price were up 3.8% during mid-day trading on Tuesday . The company traded as high as $126.32 and last traded at $125.04. Approximately 195,080 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 655,804 shares. The stock had previously closed at $120.44.
Direxion Daily NVDA Bull 2X Shares Trading Up 6.1 %
The company has a fifty day simple moving average of $109.39 and a two-hundred day simple moving average of $100.78.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company 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 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, September 24th.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter worth about $2,517,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at approximately $2,165,000. Modera Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $556,000. AE Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $533,000. Finally, Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $377,000.
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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