Direxion Daily NVDA Bull 2X ETF
NVDU
NASDAQ Global Market- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Sep 13, 2023
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of NVIDIA Corporation (NASDAQ: NVDA); it provides leveraged exposure to NVDA stock through derivatives such as swaps, focusing on public equity markets in the graphics, compute, and networking sectors. Launched on September 13, 2023, by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, the fund is domiciled in the United States and trades on the NASDAQ exchange, with assets under management exceeding $650 million as of mid-2025. It targets sophisticated investors seeking amplified short-term returns on NVDA's daily price movements, with a net expense ratio of 0.97%, and operates without direct investment in NVDA shares, emphasizing high volatility and daily reset mechanics rather than long-term holding. The fund complements Direxion's suite of single-stock daily leveraged and inverse ETFs, including the paired Direxion Daily NVDA Bear 1X Shares (NVDD), which seeks -100% of NVDA's daily performance; it features regular income dividends and capital gains distributions, such as a significant short-term capital gain payout of $13.88 per share in December 2024 and quarterly dividends through 2025 totaling over $1.67 per share. Geographically, NVDU focuses on U.S. markets with exposure tied to NVIDIA's worldwide visual computing operations, primarily serving institutional and retail traders via major brokerage platforms. Recent developments include capital gains distributions announced on December 12, 2024, for NVDU and select ETFs, alongside ongoing growth in institutional ownership, with new stakes acquired by firms such as Flow Traders U.S. LLC (21,975 shares in Q2 2025), Bogart Wealth LLC, SOA Wealth Advisors, and others in 2025. Direxion enhanced investor tools with a New ETF Alert Service in January 2024 for real-time price and volume notifications, and published educational content in August 2024 explaining the benefits of trading single-stock leveraged ETFs like NVDU amid NVIDIA's AI-driven volatility. As of July 2025, the fund reported strong performance metrics, including 136.27% total return since inception on a NAV basis, reflecting sustained interest in leveraged NVDA exposure.