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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up prior to trading on Monday . The stock had previously closed at $114.13, but opened at $116.86. Direxion Daily NVDA Bull 2X Shares shares last traded at $120.60, with a volume of 201,240 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm’s 50 day moving average is $93.73 and its two-hundred day moving average is $89.62.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. The ex-dividend date was Tuesday, September 24th. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 annualized dividend and a yield of 1.83%.

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

Several large investors have recently modified their holdings of the business. IMC Chicago LLC increased its stake in Direxion Daily NVDA Bull 2X Shares by 54.7% during the 1st quarter. IMC Chicago LLC now owns 44,538 shares of the company’s stock worth $2,931,000 after purchasing an additional 15,749 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter worth $2,517,000. Modera Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth $556,000. AE Wealth Management LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $533,000. Finally, Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth $377,000.

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.