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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up before the market opened on Wednesday . The stock had previously closed at $89.56, but opened at $94.39. Direxion Daily NVDA Bull 2X Shares shares last traded at $95.15, with a volume of 452,360 shares.

Direxion Daily NVDA Bull 2X Shares Stock Up 8.8 %

The firm has a fifty day simple moving average of $119.26 and a 200 day simple moving average of $106.92.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be issued a dividend of $13.8797 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

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

Several institutional investors and hedge funds have recently modified their holdings of NVDU. Barclays PLC boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at approximately $111,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth approximately $206,000. Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth $374,000. Finally, Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at $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.