Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 6% – What’s Next?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price shot up 6% on Friday . The stock traded as high as $97.30 and last traded at $96.67. 304,872 shares traded hands during trading, a decline of 66% from the average session volume of 901,334 shares. The stock had previously closed at $91.22.

Direxion Daily NVDA Bull 2X Shares Trading Up 6.1 %

The business has a fifty day simple moving average of $108.77 and a two-hundred day simple moving average of $104.11.

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 was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth about $111,000. Barclays PLC grew its holdings 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 purchasing an additional 450 shares during the period. 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 bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $377,000. Finally, AE Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter valued at 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.