Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 6% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price rose 6% on Friday . The company traded as high as $97.30 and last traded at $96.67. Approximately 304,872 shares traded hands during trading, a decline of 66% from the average daily volume of 901,334 shares. The stock had previously closed at $91.22.

Direxion Daily NVDA Bull 2X Shares Stock Up 6.1 %

The firm’s fifty day moving average price is $108.77 and its 200-day moving average price is $104.11.

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

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $557,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $2,165,000. Creative Planning bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $377,000. Barclays PLC lifted its stake 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 worth $136,000 after acquiring an additional 450 shares during the period. Finally, AE Wealth Management LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $533,000.

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.