NorthRock Partners LLC Makes New $1.52 Million Investment in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

NorthRock Partners LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,207 shares of the company’s stock, valued at approximately $1,517,000. NorthRock Partners LLC owned approximately 0.22% of Direxion Daily NVDA Bull 2X Shares at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after purchasing an additional 450 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth $206,000. PayPay Securities Corp purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $47,000. Lake Street Advisors Group LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth about $411,000. Finally, SBI Securities Co. Ltd. acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth about $4,593,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

Shares of NASDAQ NVDU opened at $74.89 on Thursday. The firm’s 50-day moving average is $53.61 and its two-hundred day moving average is $83.88. The company has a market capitalization of $672.51 million, a PE ratio of 34.72 and a beta of 4.15. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $32.63 and a 12-month high of $146.87.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.4201 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was 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.