Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report)'s share price fell 5.4% during mid-day trading on Wednesday . The company traded as low as $119.57 and last traded at $121.58. 432,681 shares were traded during mid-day trading, a decline of 32% from the average session volume of 631,786 shares. The stock had previously closed at $128.53.
Direxion Daily NVDA Bull 2X Shares Trading Down 5.5 %
The firm's fifty day simple moving average is $98.73 and its 200 day simple moving average is $91.89.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.4973 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the first quarter valued at approximately $2,517,000. IMC Chicago LLC boosted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 54.7% in the 1st quarter. IMC Chicago LLC now owns 44,538 shares of the company's stock valued at $2,931,000 after buying an additional 15,749 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $556,000. AE Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $533,000. Finally, Creative Planning acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $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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