Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Down 14.5% – What’s Next?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price fell 14.5% during mid-day trading on Thursday . The stock traded as low as $97.45 and last traded at $99.90. 352,938 shares were traded during trading, a decline of 47% from the average session volume of 667,079 shares. The stock had previously closed at $116.88.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The business has a 50 day moving average price of $119.91 and a 200 day moving average price of $106.81.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be given a $13.8797 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth about $557,000. Barclays PLC boosted its position in 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 buying an additional 450 shares during the period. Flow Traders U.S. LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $2,165,000. Captrust Financial Advisors bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $374,000. Finally, Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $377,000.

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.