Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – Time to Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $114.10, but opened at $110.77. Direxion Daily NVDA Bull 2X Shares shares last traded at $108.67, with a volume of 177,173 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Stock Down 2.4 %

The business has a fifty day moving average price of $114.89 and a two-hundred day moving average price of $103.49.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.4973 dividend. This represents a $1.99 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of NVDU. Hollencrest Capital Management purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. Barclays PLC grew its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during 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 period. SeaCrest Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at about $206,000. Captrust Financial Advisors acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $374,000. Finally, Creative Planning purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth about $377,000.

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.