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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up before the market opened on Tuesday . The stock had previously closed at $68.36, but opened at $72.14. Direxion Daily NVDA Bull 2X Shares shares last traded at $78.43, with a volume of 3,462,336 shares.

Direxion Daily NVDA Bull 2X Shares Stock Up 0.9 %

The business’s fifty day simple moving average is $102.91 and its 200 day simple moving average is $102.52.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $377,000. Captrust Financial Advisors acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $2,165,000. Barclays PLC raised its holdings 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 last quarter. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $557,000.

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.