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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped up before the market opened on Tuesday . The stock had previously closed at $102.90, but opened at $106.85. Direxion Daily NVDA Bull 2X Shares shares last traded at $109.15, with a volume of 298,380 shares.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm’s 50 day simple moving average is $89.66 and its 200-day simple moving average is $87.71.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.4973 dividend. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. IMC Chicago LLC lifted its position in shares of Direxion Daily NVDA Bull 2X Shares by 54.7% in the first quarter. IMC Chicago LLC now owns 44,538 shares of the company’s stock worth $2,931,000 after purchasing an additional 15,749 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $533,000. SeaCrest Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth $206,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth $111,000. Finally, Modera Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth $556,000.

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.