Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Down 5.8% – Should You Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price were down 5.8% during trading on Tuesday . The company traded as low as $108.09 and last traded at $108.87. Approximately 625,524 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 943,969 shares. The stock had previously closed at $115.54.

Direxion Daily NVDA Bull 2X Shares Stock Down 8.2 %

The company has a fifty day moving average of $113.66 and a 200 day moving average of $105.07.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. 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 valued at $136,000 after buying an additional 450 shares during the period. Captrust Financial Advisors bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $374,000. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $377,000. Finally, AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $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.