Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 4.6% – Here’s Why

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

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a 50-day moving average of $118.79 and a 200-day moving average of $106.78.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

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

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth $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 worth $136,000 after purchasing an additional 450 shares during the last quarter. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $374,000. Creative Planning purchased a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $377,000. Finally, AE Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in 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.