Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Down 3.8% – Time to Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares fell 3.8% on Friday . The stock traded as low as $105.79 and last traded at $106.03. 593,113 shares traded hands during trading, a decline of 33% from the average session volume of 880,491 shares. The stock had previously closed at $110.19.

Direxion Daily NVDA Bull 2X Shares Trading Down 6.3 %

The business has a 50-day moving average price of $106.12 and a 200-day moving average price of $103.69.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

Hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at about $2,165,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $557,000. Creative Planning acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $377,000. Captrust Financial Advisors bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $374,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth approximately $206,000.

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.