Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) fell 5.8% during trading on Friday . The company traded as low as $123.90 and last traded at $123.90. 421,649 shares were traded during mid-day trading, a decline of 37% from the average session volume of 666,714 shares. The stock had previously closed at $131.56.
Direxion Daily NVDA Bull 2X Shares Price Performance
The company's 50 day moving average price is $112.80 and its two-hundred day moving average price is $102.37.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.4973 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 24th.
Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares
A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the first quarter worth approximately $2,517,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth $2,165,000. Modera Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $556,000. AE Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at about $533,000. Finally, Creative Planning purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $377,000.
About Direxion Daily NVDA Bull 2X Shares
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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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