Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Up – Should You Buy?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up prior to trading on Monday . The stock had previously closed at $118.95, but opened at $124.51. Direxion Daily NVDA Bull 2X Shares shares last traded at $126.20, with a volume of 576,322 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Stock Up 8.3 %

The company’s fifty day moving average price is $96.45 and its two-hundred day moving average price is $90.73.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

A number of institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $111,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $206,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. AE Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $533,000. Finally, Modera Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth about $556,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

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.