Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Sees Strong Trading Volume – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares saw an uptick in trading volume on Friday . 2,360,637 shares traded 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 Trading Up 1.9 %

The company’s 50-day moving average price is $99.16 and its 200-day moving average price is $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. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of NVDU. Virtu Financial LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter worth about $2,517,000. SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $206,000. Modera Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $556,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $111,000. Finally, AE Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth $533,000.

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.