Direxion Daily NVDA Bull 2X Shares $NVDU Stake Trimmed by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. cut its position in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 34.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,588 shares of the company’s stock after selling 24,583 shares during the quarter. SBI Securities Co. Ltd. owned 0.83% of Direxion Daily NVDA Bull 2X Shares worth $4,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDU. Chicago Partners Investment Group LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth approximately $181,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $396,000. Headlands Technologies LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 1st quarter worth approximately $75,000. SOA Wealth Advisors LLC. acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $44,000. Finally, Bogart Wealth LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $40,000.

Direxion Daily NVDA Bull 2X Shares Stock Down 5.8%

Shares of NASDAQ:NVDU opened at $136.21 on Wednesday. The company’s fifty day moving average is $127.69 and its two-hundred day moving average is $107.04. The company has a market cap of $651.08 million, a P/E ratio of 42.98 and a beta of 4.20. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $32.63 and a 12-month high of $165.77.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.4973 per share. This represents a $1.99 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 23rd.

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.