Snowden Capital Advisors LLC Raises Stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Snowden Capital Advisors LLC raised its position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 30.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,836 shares of the company’s stock after purchasing an additional 1,361 shares during the quarter. Snowden Capital Advisors LLC owned 0.08% of Direxion Daily NVDA Bull 2X Shares worth $546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. NorthRock Partners LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at about $1,517,000. Captrust Financial Advisors grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.8% in the fourth quarter. Captrust Financial Advisors now owns 5,830 shares of the company’s stock worth $546,000 after acquiring an additional 1,830 shares during the period. Jane Street Group LLC grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 54.8% in the fourth quarter. Jane Street Group LLC now owns 81,848 shares of the company’s stock worth $7,660,000 after acquiring an additional 28,963 shares during the period. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 2,158.3% in the fourth quarter. Optiver Holding B.V. now owns 42,389 shares of the company’s stock worth $3,967,000 after buying an additional 40,512 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock worth $86,000 after buying an additional 911 shares during the last quarter.

Direxion Daily NVDA Bull 2X Shares Trading Down 1.6%

NVDU opened at $73.70 on Wednesday. The company has a market cap of $661.83 million, a price-to-earnings ratio of 34.72 and a beta of 4.15. The company’s 50 day moving average is $55.01 and its 200 day moving average is $82.43. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.4201 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.