Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Up – Time to Buy?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped up prior to trading on Monday . The stock had previously closed at $85.26, but opened at $88.40. Direxion Daily NVDA Bull 2X Shares shares last traded at $86.00, with a volume of 493,964 shares.

Direxion Daily NVDA Bull 2X Shares Price Performance

The stock’s 50 day moving average is $90.84 and its 200-day moving average is $101.47.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several large investors have recently added to or reduced their stakes in NVDU. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth approximately $37,000. PayPay Securities Corp bought a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at $47,000. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth $51,000. Tower Research Capital LLC TRC raised its position in shares of Direxion Daily NVDA Bull 2X Shares by 9,110.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock valued at $86,000 after buying an additional 911 shares in the last quarter. Finally, Barclays PLC grew its position in 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.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.