Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading 6% Higher – What’s Next?

Posted by Sarita Garza on Jan 17th, 2025

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report)’s share price were up 6% during mid-day trading on Friday . The stock traded as high as $97.30 and last traded at $96.67. Approximately 304,872 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 901,334 shares. The stock had previously closed at $91.22.

Direxion Daily NVDA Bull 2X Shares Stock Up 6.7 %

The firm’s fifty day moving average price is $109.53 and its 200-day moving average price is $104.21.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The company also recently announced 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 of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth $2,165,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth approximately $557,000. AE Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter valued at $533,000. Creative Planning purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter valued at $377,000. Finally, Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at $374,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report)

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.