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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up before the market opened 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.

Direxion Daily NVDA Bull 2X Shares Stock Up 8.3 %

The company has a 50-day moving average price of $96.45 and a 200 day moving average price of $90.73.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

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

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

Institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $111,000. SeaCrest Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter worth $206,000. Creative Planning acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. AE Wealth Management LLC bought 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 in the 2nd quarter valued at $556,000.

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.