IMC Chicago LLC Raises Position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

IMC Chicago LLC lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) by 54.7% in the first quarter, HoldingsChannel.com reports. The fund owned 44,538 shares of the company’s stock after acquiring an additional 15,749 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily NVDA Bull 2X Shares were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily NVDA Bull 2X Shares Stock Performance

Shares of NVDU traded down $4.64 on Wednesday, reaching $111.78. 665,609 shares of the company’s stock traded hands, compared to its average volume of 440,292. The stock’s 50 day simple moving average is $83.68 and its two-hundred day simple moving average is $59.86. Direxion Daily NVDA Bull 2X Shares has a 52-week low of $20.18 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 will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be paid a dividend of $0.4845 per share. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $1.94 annualized dividend and a yield of 1.73%.

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.