Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $84.09, but opened at $80.34. Direxion Daily NVDA Bull 2X Shares shares last traded at $81.82, with a volume of 326,984 shares.

Direxion Daily NVDA Bull 2X Shares Trading Down 2.9 %

The firm’s fifty day moving average is $95.39 and its 200-day moving average is $100.82.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NVDU. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $557,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $2,165,000. Creative Planning purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter worth about $377,000. Barclays PLC grew its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after buying an additional 450 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $206,000.

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.