SBI Securities Co. Ltd. Sells 8,646 Shares of Direxion Daily NVDA Bull 2X Shares $NVDU

SBI Securities Co. Ltd. lessened its stake in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 18.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,942 shares of the company’s stock after selling 8,646 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily NVDA Bull 2X Shares were worth $4,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC raised its holdings in Direxion Daily NVDA Bull 2X Shares by 25.0% in the 3rd quarter. Bogart Wealth LLC now owns 500 shares of the company’s stock worth $66,000 after acquiring an additional 100 shares during the period. Traynor Capital Management Inc. lifted its position in shares of Direxion Daily NVDA Bull 2X Shares by 3.1% during the 3rd quarter. Traynor Capital Management Inc. now owns 4,172 shares of the company’s stock worth $547,000 after purchasing an additional 125 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at approximately $42,000. Chicago Partners Investment Group LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $181,000. Finally, FWG Investments LLC. acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $306,000.

Direxion Daily NVDA Bull 2X Shares Stock Down 6.8%

Shares of NVDU stock opened at $101.04 on Thursday. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $32.63 and a 12 month high of $165.77. The firm has a market cap of $495.10 million, a PE ratio of 42.98 and a beta of 4.20. The stock has a 50 day moving average of $115.92 and a 200-day moving average of $122.08.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.7196 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, December 23rd.

Direxion Daily NVDA Bull 2X Shares 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.