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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $95.04, but opened at $98.32. Direxion Daily NVDA Bull 2X Shares shares last traded at $96.08, with a volume of 142,334 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm has a 50 day moving average price of $108.77 and a two-hundred day moving average price of $104.11.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after buying an additional 450 shares during the last quarter. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $111,000. Captrust Financial Advisors bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $374,000. Creative Planning acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $377,000. Finally, AE Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $533,000.

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.