Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading 9% Higher – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price were up 9% during trading on Monday . The company traded as high as $118.35 and last traded at $117.75. Approximately 550,676 shares were traded during trading, a decline of 30% from the average daily volume of 788,063 shares. The stock had previously closed at $108.00.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm’s 50-day moving average is $113.20 and its 200 day moving average is $104.95.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently disclosed 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 was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily NVDA Bull 2X Shares

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