Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Down 4.3% – Time to Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) traded down 4.3% during trading on Tuesday . The stock traded as low as $93.44 and last traded at $93.93. 708,399 shares were traded during mid-day trading, an increase of 4% from the average session volume of 683,408 shares. The stock had previously closed at $98.20.

Direxion Daily NVDA Bull 2X Shares Trading Down 3.7 %

The stock’s 50-day simple moving average is $116.48 and its two-hundred day simple moving average is $106.30.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.6505 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of hedge funds have recently bought and sold shares of NVDU. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $111,000. Barclays PLC lifted its position in 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 buying an additional 450 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at about $374,000. Creative Planning purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $377,000. Finally, AE Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $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.