Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Down 3.8% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price fell 3.8% on Friday . The stock traded as low as $105.79 and last traded at $106.03. 593,113 shares changed hands during trading, a decline of 33% from the average session volume of 880,491 shares. The stock had previously closed at $110.19.

Direxion Daily NVDA Bull 2X Shares Stock Down 6.2 %

The business’s 50 day moving average price is $106.53 and its 200-day moving average price is $103.80.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.6505 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chicago Partners Investment Group LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at about $206,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $557,000. Barclays PLC raised its position 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 during the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $2,165,000. Finally, Captrust Financial Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000.

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.