Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Down 7.5% – Time to Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were down 7.5% during trading on Friday . The company traded as low as $121.80 and last traded at $122.62. Approximately 635,299 shares were traded during trading, a decline of 3% from the average daily volume of 654,582 shares. The stock had previously closed at $132.52.

Direxion Daily NVDA Bull 2X Shares Trading Down 6.6 %

The company has a fifty day moving average price of $108.46 and a two-hundred day moving average price of $100.01.

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 paid a $0.4973 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.99 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

Several large investors have recently made changes to their positions in the stock. Barclays PLC boosted 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 during the period. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $2,165,000. Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $374,000. Creative Planning acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth about $377,000. Finally, AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth about $533,000.

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.