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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $101.14, but opened at $106.79. Direxion Daily NVDA Bull 2X Shares shares last traded at $110.30, with a volume of 383,414 shares traded.

Direxion Daily NVDA Bull 2X Shares Stock Up 0.2 %

The business has a 50 day moving average of $106.53 and a 200-day moving average of $103.80.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NVDU. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $2,165,000. Beaird Harris Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $557,000. AE Wealth Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $533,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $377,000. Finally, Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000.

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.