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

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

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm has a 50 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. Stockholders of record on Thursday, December 12th were issued a $13.8797 dividend. The ex-dividend date was Thursday, December 12th. This is a positive change 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 and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. Barclays PLC boosted its position 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 in the last quarter. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $374,000. Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth about $377,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter valued at about $533,000.

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.