Creative Planning Buys New Stake in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

Creative Planning bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the third quarter, Holdings Channel reports. The fund bought 4,033 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $533,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth about $206,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth about $111,000. Modera Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth about $556,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter worth about $2,517,000.

Direxion Daily NVDA Bull 2X Shares Price Performance

NVDU stock opened at $136.69 on Friday. The firm has a 50-day simple moving average of $101.41 and a 200-day simple moving average of $96.21. Direxion Daily NVDA Bull 2X Shares has a 52 week low of $24.48 and a 52 week high of $146.87.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.4973 per share. This represents a $1.99 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

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.