Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) shares traded down 6.2% during mid-day trading on Wednesday . The company traded as low as $116.50 and last traded at $116.51. 74,604 shares changed hands during trading, a decline of 88% from the average session volume of 645,519 shares. The stock had previously closed at $124.25.
Direxion Daily NVDA Bull 2X Shares Price Performance
The business has a 50 day simple moving average of $100.09 and a 200 day simple moving average of $93.85.
Direxion Daily NVDA Bull 2X Shares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.4973 dividend. This is a boost from Direxion Daily NVDA Bull 2X Shares's previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 24th. This represents a $1.99 annualized dividend and a dividend yield of 1.65%.
Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter worth approximately $111,000. SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $206,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. AE Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at about $533,000. Finally, Modera Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth about $556,000.
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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