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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share 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 trading hands.

Direxion Daily NVDA Bull 2X Shares Price Performance

The stock has a 50-day moving average of $111.15 and a 200-day moving average of $104.37.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVDU. Hollencrest Capital Management acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $111,000. AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $533,000. Creative Planning bought a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $374,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $2,165,000.

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.