Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Down 7.8% – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares were down 7.8% on Thursday . The stock traded as low as $73.75 and last traded at $75.20. Approximately 1,505,159 shares changed hands during trading, an increase of 5% from the average daily volume of 1,429,156 shares. The stock had previously closed at $81.57.

Direxion Daily NVDA Bull 2X Shares Trading Up 7.6 %

The company’s 50-day moving average is $89.81 and its two-hundred day moving average is $101.04.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently declared 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 was Monday, December 23rd.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $557,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $2,165,000. Creative Planning bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $377,000. 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 period. Finally, Lake Street Advisors Group LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth approximately $411,000.

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.