Hollencrest Capital Management Acquires Shares of 1,000 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 second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds have also recently made changes to their positions in the company. IMC Chicago LLC increased its holdings in Direxion Daily NVDA Bull 2X Shares by 54.7% in the 1st quarter. IMC Chicago LLC now owns 44,538 shares of the company’s stock worth $2,931,000 after acquiring an additional 15,749 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth about $206,000. Modera Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $556,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 1st quarter valued at approximately $2,517,000. Finally, Simplex Trading LLC boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 41,174.4% in the 1st quarter. Simplex Trading LLC now owns 17,748 shares of the company’s stock worth $1,168,000 after buying an additional 17,705 shares during the period.

Direxion Daily NVDA Bull 2X Shares Trading Down 3.3 %

Direxion Daily NVDA Bull 2X Shares stock opened at $86.29 on Friday. The firm has a 50 day simple moving average of $91.20 and a 200 day simple moving average of $85.20. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $20.18 and a 1-year 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. Stockholders of record on Tuesday, June 25th were given a $0.4845 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.18. This represents a $1.94 annualized dividend and a dividend yield of 2.25%.

About Direxion Daily NVDA Bull 2X Shares

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.