Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – Should You Sell?

Shares of 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 Stock Down 6.3 %

The stock’s 50 day simple moving average is $112.26 and its two-hundred day simple moving average is $104.67.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at approximately $111,000. Barclays PLC raised its position in Direxion Daily NVDA Bull 2X Shares by 45.0% in the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares during the period. Captrust Financial Advisors acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000. Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $377,000. Finally, AE Wealth Management LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at 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.