Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – What’s Next?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $92.00, but opened at $87.80. Direxion Daily NVDA Bull 2X Shares shares last traded at $86.95, with a volume of 299,778 shares.

Direxion Daily NVDA Bull 2X Shares Stock Down 2.6 %

The business’s 50 day simple moving average is $118.79 and its two-hundred day simple moving average is $106.78.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be given a dividend of $13.8797 per share. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18. The ex-dividend date is Thursday, December 12th.

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

Several large investors have recently bought and sold shares of NVDU. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth about $111,000. Barclays PLC raised 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 during the period. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $374,000. Creative Planning bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at approximately $377,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $533,000.

About Direxion Daily NVDA Bull 2X Shares

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.