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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up prior to trading on Wednesday . The stock had previously closed at $101.14, but opened at $106.79. Direxion Daily NVDA Bull 2X Shares shares last traded at $110.30, with a volume of 383,414 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Trading Up 8.4 %

The stock’s 50-day moving average is $107.42 and its two-hundred day moving average is $103.71.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently disclosed 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.

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

Hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its position in 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 worth $136,000 after purchasing an additional 450 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $377,000. AE Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $533,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $557,000.

About Direxion Daily NVDA Bull 2X Shares

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.