Direxion Daily NVDA Bull 2X Shares $NVDU Stock Position Cut by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its stake in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 18.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,942 shares of the company’s stock after selling 8,646 shares during the quarter. SBI Securities Co. Ltd. owned about 0.79% of Direxion Daily NVDA Bull 2X Shares worth $4,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDU. Halbert Hargrove Global Advisors LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $42,000. Bogart Wealth LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $40,000. Chicago Partners Investment Group LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at about $181,000. FWG Investments LLC. purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $306,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Direxion Daily NVDA Bull 2X Shares by 850.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the company’s stock valued at $376,000 after acquiring an additional 3,400 shares in the last quarter.

Direxion Daily NVDA Bull 2X Shares Stock Performance

NASDAQ NVDU opened at $101.04 on Thursday. The firm’s 50 day moving average price is $115.92 and its two-hundred day moving average price is $122.08. Direxion Daily NVDA Bull 2X Shares has a twelve month low of $32.63 and a twelve month high of $165.77. The stock has a market cap of $495.10 million, a price-to-earnings ratio of 42.98 and a beta of 4.20.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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.