Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Down 4.3% – Time to Sell?

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) fell 4.3% during mid-day trading on Tuesday . The stock traded as low as $93.44 and last traded at $93.93. 708,399 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 683,408 shares. The stock had previously closed at $98.20.

Direxion Daily NVDA Bull 2X Shares Trading Down 3.7 %

The company has a 50 day moving average of $116.48 and a 200-day moving average of $106.30.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.6505 per share. The ex-dividend date is Monday, December 23rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $111,000. AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth approximately $533,000. Creative Planning acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $377,000. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $374,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $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.