Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 6.8% After Dividend Announcement

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price were up 6.8% on Wednesday following a dividend announcement from the company. The stock traded as high as $117.53 and last traded at $117.47. Approximately 454,826 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 667,742 shares. The stock had previously closed at $110.00.

The newly announced dividend which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be paid a $13.8797 dividend. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 12th.

Direxion Daily NVDA Bull 2X Shares Stock Down 4.7 %

The firm has a fifty day simple moving average of $119.98 and a two-hundred day simple moving average of $106.74.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $111,000. Barclays PLC raised its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after buying an additional 450 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $206,000. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter worth $374,000. Finally, Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $377,000.

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.