Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Up – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up prior to trading on Friday . The stock had previously closed at $99.26, but opened at $101.63. Direxion Daily NVDA Bull 2X Shares shares last traded at $105.93, with a volume of 198,871 shares traded.

Direxion Daily NVDA Bull 2X Shares Stock Up 7.3 %

The firm’s 50-day moving average price is $114.14 and its two-hundred day moving average price is $105.73.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds have recently modified their holdings of NVDU. Hollencrest Capital Management acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $111,000. AE Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $533,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $377,000. Captrust Financial Advisors purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $374,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at $2,165,000.

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.