Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Up to $110.24

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up before the market opened on Thursday . The stock had previously closed at $110.24, but opened at $113.03. Direxion Daily NVDA Bull 2X Shares shares last traded at $112.93, with a volume of 177,890 shares.

Direxion Daily NVDA Bull 2X Shares Stock Up 8.7 %

The company’s fifty day moving average is $104.17 and its two-hundred day moving average is $80.12.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a $0.4845 dividend. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.18. This represents a $1.94 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, June 25th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDU. IMC Chicago LLC boosted its stake in Direxion Daily NVDA Bull 2X Shares by 54.7% during the 1st quarter. IMC Chicago LLC now owns 44,538 shares of the company’s stock worth $2,931,000 after acquiring an additional 15,749 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 1st quarter worth $2,517,000. Simplex Trading LLC lifted its holdings in Direxion Daily NVDA Bull 2X Shares by 41,174.4% during the first quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock worth $1,168,000 after acquiring an additional 17,705 shares in the last quarter. Modera Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $556,000. Finally, AE Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $533,000.

About Direxion Daily NVDA Bull 2X Shares

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.