Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – What’s Next?

Posted by Doug Wharley on Feb 14th, 2025

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $84.09, but opened at $80.34. Direxion Daily NVDA Bull 2X Shares shares last traded at $81.82, with a volume of 326,984 shares traded.

Direxion Daily NVDA Bull 2X Shares Price Performance

The company’s 50-day simple moving average is $93.67 and its 200-day simple moving average is $100.59.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at $37,000. PayPay Securities Corp purchased a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $47,000. Tucker Asset Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $51,000. Barclays PLC boosted its position in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after purchasing an additional 450 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $206,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report)

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.