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The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of NVDA. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to NVDA, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in NVDA that is equal, on a daily basis, to -100% of the value of the Fund's net assets. The Adviser attempts to consistently apply leverage to obtain short NVDA exposure for the Fund equal to -100% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure. NVIDIA Corporation is a technology company that designs and sells graphics processing units and artificial intelligence hardware and software utilized in gaming, professional visualization, data centers and the automotive industry.
Direxion Daily Nvda Bull 2X ETF trades on the NASDAQ stock market under the symbol NVDU.
As of July 13, 2026, NVDU stock price declined to $122.03 with 289,236 million shares trading.
NVDU has a beta of 2.98, meaning it tends to be more sensitive to market movements. NVDU has a correlation of 0.34 to the broad based SPY ETF.
NVDU has a market cap of $594.90 million. This is considered a Small Cap stock.
NVDU has outperformed the market in the last year with a price return of +21.1% while the SPY ETF gained +20.9%. However, in the short term, NVDU had mixed performance relative to the market. It has underperformed in the last 3 months, returning +9.2% vs +10.5% return in SPY. But in the last 2 weeks, NVDU shares have fared better than the market returning +11.6% compared to SPY +2.8%.
NVDU support price is $125.45 and resistance is $137.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVDU shares will trade within this expected range on the day.
