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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares 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 traded.

Direxion Daily NVDA Bull 2X Shares Trading Up 1.6 %

The stock’s 50-day simple moving average is $111.15 and its two-hundred day simple moving average is $104.37.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently announced 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 was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

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