Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 6.6% – Should You Buy?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) rose 6.6% during mid-day trading on Monday . The stock traded as high as $85.75 and last traded at $85.71. Approximately 422,460 shares were traded during trading, a decline of 72% from the average daily volume of 1,510,960 shares. The stock had previously closed at $80.41.

Direxion Daily NVDA Bull 2X Shares Stock Down 1.0 %

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

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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 institutional investors have recently bought and sold shares of NVDU. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth $37,000. PayPay Securities Corp bought a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at about $47,000. Barclays PLC lifted its holdings 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 during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth about $206,000. Finally, Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at approximately $374,000.

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.