Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Announces Quarterly Dividend of $0.42

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) announced a quarterly dividend on Monday, March 24th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.4201 per share on Tuesday, April 1st. This represents a $1.68 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Tuesday, March 25th.

Direxion Daily NVDA Bull 2X Shares Stock Performance

Shares of NASDAQ:NVDU traded down $1.03 on Tuesday, hitting $65.17. The company’s stock had a trading volume of 755,976 shares, compared to its average volume of 1,511,015. Direxion Daily NVDA Bull 2X Shares has a 12 month low of $44.91 and a 12 month high of $146.87. The company has a market capitalization of $488.78 million, a price-to-earnings ratio of 43.89 and a beta of 4.15. The stock’s 50-day moving average is $77.23 and its two-hundred day moving average is $96.94.

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.