Shares of Direxion Daily NVDA Bull 2X ETF (NASDAQ:NVDU – Get Free Report) were up 2.8% during mid-day trading on Monday. The stock traded as high as $133.37 and last traded at $130.66. Approximately 173,189 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 430,240 shares. The stock had previously closed at $127.06.
Direxion Daily NVDA Bull 2X ETF Stock Performance
The firm has a market cap of $489.82 million, a P/E ratio of 42.98 and a beta of 3.79. The business’s 50-day simple moving average is $140.61 and its 200 day simple moving average is $133.10.
Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X ETF
A number of institutional investors and hedge funds have recently modified their holdings of NVDU. Genesee Capital Advisors LLC increased its position in Direxion Daily NVDA Bull 2X ETF by 18.5% during the third quarter. Genesee Capital Advisors LLC now owns 3,460 shares of the company’s stock valued at $504,000 after acquiring an additional 540 shares during the last quarter. Tucker Asset Management LLC bought a new position in Direxion Daily NVDA Bull 2X ETF in the second quarter valued at about $70,000. Beacon Capital Management LLC boosted its position in Direxion Daily NVDA Bull 2X ETF by 3.7% in the second quarter. Beacon Capital Management LLC now owns 3,293 shares of the company’s stock worth $390,000 after purchasing an additional 117 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Direxion Daily NVDA Bull 2X ETF by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,471 shares of the company’s stock worth $527,000 after purchasing an additional 1,255 shares during the last quarter.
Direxion Daily NVDA Bull 2X ETF 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.
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