Hollencrest Capital Management Invests $111,000 in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors have also added to or reduced their stakes in NVDU. SeaCrest Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $206,000. Modera Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $556,000. Simplex Trading LLC grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 41,174.4% during the 1st quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock valued at $1,168,000 after purchasing an additional 17,705 shares during the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 1st quarter worth $2,517,000. Finally, IMC Chicago LLC lifted its stake in Direxion Daily NVDA Bull 2X Shares by 54.7% in the first quarter. IMC Chicago LLC now owns 44,538 shares of the company’s stock worth $2,931,000 after purchasing an additional 15,749 shares during the last quarter.

Direxion Daily NVDA Bull 2X Shares Stock Performance

NASDAQ NVDU opened at $86.29 on Friday. The company has a 50-day simple moving average of $91.20 and a two-hundred day simple moving average of $85.20. Direxion Daily NVDA Bull 2X Shares has a 12-month low of $20.18 and a 12-month high of $146.87.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.4845 per share. This represents a $1.94 annualized dividend and a yield of 2.25%. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, June 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.