Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 4.6% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price rose 4.6% on Thursday . The stock traded as high as $91.82 and last traded at $91.30. Approximately 365,978 shares changed hands during trading, a decline of 46% from the average daily volume of 677,418 shares. The stock had previously closed at $87.27.

Direxion Daily NVDA Bull 2X Shares Price Performance

The business has a 50-day moving average price of $118.79 and a 200-day moving average price of $106.78.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be issued a $13.8797 dividend. The ex-dividend date is Thursday, December 12th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

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

Several large investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. Barclays PLC boosted 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 purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $374,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $377,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $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.