Tucker Asset Management LLC Invests $51,000 in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Tucker Asset Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 544 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also bought and sold shares of NVDU. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at approximately $37,000. Barclays PLC increased its stake in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after acquiring an additional 450 shares during the last quarter. PayPay Securities Corp acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at approximately $47,000. Chicago Partners Investment Group LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth $206,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000.

Direxion Daily NVDA Bull 2X Shares Stock Performance

Shares of NVDU opened at $53.49 on Friday. Direxion Daily NVDA Bull 2X Shares has a 52-week low of $44.91 and a 52-week high of $146.87. The firm has a market cap of $401.18 million, a price-to-earnings ratio of 43.89 and a beta of 4.15. The business’s fifty day moving average is $74.42 and its 200-day moving average is $96.36.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.4201 per share. This represents a $1.68 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, March 25th.

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.