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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down prior to trading on Monday . The stock had previously closed at $94.83, but opened at $86.42. Direxion Daily NVDA Bull 2X Shares shares last traded at $88.85, with a volume of 334,881 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a 50 day moving average price of $111.15 and a two-hundred day moving average price of $104.37.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently announced 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

Several hedge funds have recently added to or reduced their stakes in NVDU. Barclays PLC increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after buying an additional 450 shares during the period. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $111,000. Captrust Financial Advisors acquired a new stake in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $374,000. Creative Planning bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth about $377,000. Finally, AE Wealth Management LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth about $533,000.

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.