Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – What’s Next?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down prior to trading on Wednesday . The stock had previously closed at $84.09, but opened at $80.34. Direxion Daily NVDA Bull 2X Shares shares last traded at $81.82, with a volume of 326,984 shares traded.

Direxion Daily NVDA Bull 2X Shares Price Performance

The stock has a 50-day moving average of $93.67 and a 200 day moving average of $100.59.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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 added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at approximately $37,000. PayPay Securities Corp acquired a new position in Direxion Daily NVDA Bull 2X Shares during the fourth quarter valued at approximately $47,000. Tucker Asset Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth about $51,000. Barclays PLC boosted its stake in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at approximately $206,000.

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.