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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up before the market opened on Wednesday . The stock had previously closed at $89.56, but opened at $94.39. Direxion Daily NVDA Bull 2X Shares shares last traded at $95.15, with a volume of 452,360 shares.

Direxion Daily NVDA Bull 2X Shares Trading Up 3.0 %

The firm has a fifty day moving average price of $118.31 and a 200 day moving average price of $106.67.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were issued a $13.8797 dividend. The ex-dividend date was Thursday, December 12th. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

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

Hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $111,000. Barclays PLC lifted its stake in shares of 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 buying an additional 450 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at $374,000. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $377,000. Finally, AE Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth $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.