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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $92.00, but opened at $87.80. Direxion Daily NVDA Bull 2X Shares shares last traded at $86.95, with a volume of 299,778 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Trading Down 0.9 %

The stock’s 50-day simple moving average is $119.69 and its 200 day simple moving average is $106.93.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be paid a $13.8797 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVDU. Hollencrest Capital Management bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $111,000. Barclays PLC raised its stake in Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after purchasing an additional 450 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $206,000. Captrust Financial Advisors acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $374,000. Finally, Creative Planning bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $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.