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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down prior to trading on Monday . The stock had previously closed at $123.79, but opened at $119.42. Direxion Daily NVDA Bull 2X Shares shares last traded at $115.35, with a volume of 383,480 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The business’s 50-day moving average is $110.53 and its two-hundred day moving average is $101.28.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.4973 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.99 annualized dividend and a dividend yield of 1.50%. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NVDU. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter worth approximately $111,000. Barclays PLC lifted its holdings in shares of 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 buying an additional 450 shares during the period. SeaCrest Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at about $206,000. Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth about $374,000. Finally, Creative Planning bought a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter worth about $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.