Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 10.4% – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were up 10.4% during mid-day trading on Wednesday . The stock traded as high as $83.67 and last traded at $83.48. Approximately 664,271 shares changed hands during trading, a decline of 53% from the average daily volume of 1,399,722 shares. The stock had previously closed at $75.63.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a 50 day moving average price of $90.84 and a 200 day moving average price of $101.47.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at approximately $37,000. PayPay Securities Corp purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at about $47,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $51,000. Tower Research Capital LLC TRC boosted its stake in Direxion Daily NVDA Bull 2X Shares by 9,110.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 921 shares of the company’s stock worth $86,000 after buying an additional 911 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares during the period.

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.