Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Up 4.6% – Here’s What Happened

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were up 4.6% on Thursday . The stock traded as high as $91.82 and last traded at $91.30. Approximately 365,978 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 677,418 shares. The stock had previously closed at $87.27.

Direxion Daily NVDA Bull 2X Shares Price Performance

The business has a 50-day simple moving average of $117.94 and a two-hundred day simple moving average of $106.64.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given 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 was Thursday, December 12th.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $111,000. Barclays PLC increased its position in Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after buying an additional 450 shares during the last quarter. Captrust Financial Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at about $374,000. Creative Planning acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth about $377,000. Finally, AE Wealth Management LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $533,000.

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.