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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) 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 changing hands.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a 50-day simple moving average of $91.35 and a two-hundred day simple moving average of $101.42.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed 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 of this dividend was Monday, December 23rd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $557,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $2,165,000. Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $377,000. Barclays PLC lifted its stake 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 purchasing an additional 450 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter worth approximately $206,000.

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.