Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Up 5.6% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) traded up 5.6% on Tuesday . The company traded as high as $137.50 and last traded at $137.47. 356,623 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 652,636 shares. The stock had previously closed at $130.12.

Direxion Daily NVDA Bull 2X Shares Stock Up 4.1 %

The business has a fifty day moving average of $103.85 and a two-hundred day moving average of $98.27.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued 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 1.47%. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Hedge funds have recently made changes to their positions in the company. Creative Planning purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $377,000. AE Wealth Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $533,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $111,000. Modera Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $556,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $206,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.