SeaCrest Wealth Management LLC Takes Position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

SeaCrest Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,850 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $802,000. Simplex Trading LLC grew its position in shares of Direxion Daily NVDA Bull 2X Shares by 41,174.4% during the 1st quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock valued at $1,168,000 after buying an additional 17,705 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the first quarter worth about $2,517,000.

Direxion Daily NVDA Bull 2X Shares Stock Down 4.0 %

Shares of NVDU stock traded down $4.52 during trading hours on Tuesday, reaching $108.50. The stock had a trading volume of 749,591 shares, compared to its average volume of 534,607. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $20.18 and a twelve month high of $146.87. The firm has a 50-day simple moving average of $105.14 and a 200-day simple moving average of $78.82.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were issued a dividend of $0.4845 per share. This is an increase 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 1.79%. The ex-dividend date was Tuesday, June 25th.

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.