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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) 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 Up 16.7 %

The business’s 50 day simple moving average is $105.08 and its two-hundred day simple moving average is $103.00.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDU. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $557,000. Flow Traders U.S. LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at $2,165,000. Creative Planning purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $377,000. Barclays PLC grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after acquiring an additional 450 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in 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.