Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 4.4% Following Dividend Announcement

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDUGet Free Report) were up 4.4% on Tuesday after the company announced a dividend. The company traded as high as $120.62 and last traded at $120.46. Approximately 376,431 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 1,023,905 shares. The stock had previously closed at $115.40.

The newly announced dividend which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a $0.7196 dividend. This represents a $2.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 23rd.

Direxion Daily NVDA Bull 2X Shares Trading Down 0.7%

The firm has a fifty day moving average of $124.80 and a 200 day moving average of $117.69. The company has a market capitalization of $576.95 million, a P/E ratio of 42.98 and a beta of 4.20.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Pacific Wealth Management LP raised its stake in Direxion Daily NVDA Bull 2X Shares by 103.3% during the 2nd quarter. Western Pacific Wealth Management LP now owns 1,000 shares of the company’s stock valued at $99,000 after buying an additional 508 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $44,000. Wealthcare Advisory Partners LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $396,000. Chicago Partners Investment Group LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $181,000. Finally, Bogart Wealth LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $40,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report)

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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