Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading 9% Higher – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares shot up 9% during mid-day trading on Monday . The company traded as high as $118.35 and last traded at $117.75. 550,676 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 788,063 shares. The stock had previously closed at $108.00.

Direxion Daily NVDA Bull 2X Shares Trading Up 8.0 %

The firm has a fifty day moving average price of $113.81 and a 200 day moving average price of $105.15.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.6505 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. Barclays PLC grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after acquiring an additional 450 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $374,000. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. Finally, AE Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $533,000.

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.