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 before the market opened on Tuesday . The stock had previously closed at $68.36, but opened at $72.14. Direxion Daily NVDA Bull 2X Shares shares last traded at $78.43, with a volume of 3,462,336 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The stock has a 50 day moving average price of $105.08 and a 200 day moving average price of $103.00.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

Institutional investors have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter worth $557,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $2,165,000. Creative Planning bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $377,000. Barclays PLC lifted its holdings 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 valued at $136,000 after purchasing an additional 450 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at about $374,000.

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.