Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Up – Should You Buy?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $67.55, but opened at $71.08. Direxion Daily NVDA Bull 2X Shares shares last traded at $70.92, with a volume of 386,202 shares.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm has a 50 day moving average price of $98.82 and a 200-day moving average price of $101.41.

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 given a dividend of $0.6505 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 worth $136,000 after buying an additional 450 shares in the last quarter. PayPay Securities Corp acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $47,000. Chicago Partners Investment Group LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $206,000. Captrust Financial Advisors acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $374,000. Finally, Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $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.