Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Down 5.4% – What’s Next?

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) dropped 5.4% during mid-day trading on Wednesday . The company traded as low as $119.57 and last traded at $121.58. Approximately 432,681 shares changed hands during trading, a decline of 32% from the average daily volume of 631,786 shares. The stock had previously closed at $128.53.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The business’s 50-day moving average price is $98.73 and its 200-day moving average price is $91.89.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. This represents a $1.99 annualized dividend and a yield of 1.62%. 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management bought 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 purchased a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at approximately $206,000. Creative Planning bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth approximately $377,000. AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth $533,000. Finally, Modera Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $556,000.

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.