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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down prior to trading on Monday . The stock had previously closed at $122.57, but opened at $116.47. Direxion Daily NVDA Bull 2X Shares shares last traded at $116.38, with a volume of 250,939 shares.

Direxion Daily NVDA Bull 2X Shares Trading Down 4.1 %

The firm’s fifty day moving average price is $118.41 and its two-hundred day moving average price is $106.31.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 dividend on an annualized basis and a yield of 1.69%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $377,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at approximately $2,165,000. AE Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter worth approximately $533,000. SeaCrest Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $206,000. Finally, Hollencrest Capital Management bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $111,000.

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.