Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Down 5.8% – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price fell 5.8% during mid-day trading on Tuesday . The stock traded as low as $108.09 and last traded at $108.87. 625,524 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 943,969 shares. The stock had previously closed at $115.54.

Direxion Daily NVDA Bull 2X Shares Trading Down 8.2 %

The business has a fifty day moving average of $113.66 and a 200 day moving average of $105.07.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $2,165,000. Beaird Harris Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at about $557,000. AE Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $533,000. Creative Planning acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $377,000. Finally, Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $374,000.

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.