Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 5.6% – Time to Buy?

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) rose 5.6% during trading on Tuesday . The company traded as high as $137.50 and last traded at $137.47. Approximately 356,623 shares were traded during trading, a decline of 45% from the average daily volume of 652,636 shares. The stock had previously closed at $130.12.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a fifty day moving average of $103.85 and a 200-day moving average of $98.27.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.4973 per share. 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. This represents a $1.99 annualized dividend and a dividend yield of 1.47%.

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

Large investors have recently bought and sold shares of the business. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $377,000. AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $533,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at about $206,000. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $111,000. Finally, Modera Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth approximately $556,000.

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.