Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 2,360,637 shares changed hands during mid-day trading, an increase of 270% from the previous session's volume of 638,473 shares.The stock last traded at $128.24 and had previously closed at $122.85.
Direxion Daily NVDA Bull 2X Shares Price Performance
The company has a fifty day simple moving average of $99.16 and a two-hundred day simple moving average of $92.11.
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 $0.4973 dividend. This is an increase 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 yield of 1.60%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $111,000. SeaCrest Wealth Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $206,000. Creative Planning purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $377,000. AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $533,000. Finally, Modera Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $556,000.
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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