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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down before the market opened on Wednesday . The stock had previously closed at $114.10, but opened at $110.77. Direxion Daily NVDA Bull 2X Shares shares last traded at $108.67, with a volume of 177,173 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The stock’s 50 day simple moving average is $113.87 and its 200 day simple moving average is $103.38.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.4973 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Tuesday, September 24th. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $111,000. Barclays PLC boosted its holdings in Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after acquiring an additional 450 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $206,000. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $374,000. Finally, Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd 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.