SBI Securities Co. Ltd. Sells 8,551 Shares of Direxion Daily NVDA Bull 2X ETF $NVDU

SBI Securities Co. Ltd. trimmed its position in Direxion Daily NVDA Bull 2X ETF (NASDAQ:NVDU) by 24.7% in the third quarter, Holdings Channel.com reports. The fund owned 26,008 shares of the company’s stock after selling 8,551 shares during the period. SBI Securities Co. Ltd.’s holdings in Direxion Daily NVDA Bull 2X ETF were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Direxion Daily NVDA Bull 2X ETF by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,471 shares of the company’s stock valued at $527,000 after acquiring an additional 1,255 shares in the last quarter. Tucker Asset Management LLC bought a new position in Direxion Daily NVDA Bull 2X ETF during the second quarter worth $70,000. Genesee Capital Advisors LLC lifted its stake in Direxion Daily NVDA Bull 2X ETF by 18.5% during the third quarter. Genesee Capital Advisors LLC now owns 3,460 shares of the company’s stock worth $504,000 after purchasing an additional 540 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its holdings in Direxion Daily NVDA Bull 2X ETF by 3.7% in the second quarter. Beacon Capital Management LLC now owns 3,293 shares of the company’s stock worth $390,000 after purchasing an additional 117 shares during the period.

Direxion Daily NVDA Bull 2X ETF Price Performance

Direxion Daily NVDA Bull 2X ETF stock opened at $124.32 on Friday. Direxion Daily NVDA Bull 2X ETF has a 12 month low of $86.02 and a 12 month high of $172.89. The company has a fifty day moving average price of $139.99 and a two-hundred day moving average price of $133.52. The company has a market cap of $447.55 million, a PE ratio of 42.98 and a beta of 3.79.

About Direxion Daily NVDA Bull 2X ETF

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.