Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 6.8% After Dividend Announcement

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shot up 6.8% on Wednesday after the company announced a dividend. The company traded as high as $117.53 and last traded at $117.47. 454,826 shares changed hands during trading, a decline of 32% from the average session volume of 667,742 shares. The stock had previously closed at $110.00.

The newly announced dividend which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be paid a $13.8797 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

Direxion Daily NVDA Bull 2X Shares Trading Down 4.7 %

The company’s fifty day simple moving average is $119.98 and its 200-day simple moving average is $106.74.

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

Hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $2,165,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $557,000. Modera Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth $556,000. AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $533,000. Finally, Creative Planning bought a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at about $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.