Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – Here’s Why

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $102.04, but opened at $99.91. Direxion Daily NVDA Bull 2X Shares shares last traded at $97.50, with a volume of 182,677 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Trading Down 4.2 %

The firm has a fifty day moving average price of $116.48 and a two-hundred day moving average price of $106.37.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $111,000. Barclays PLC grew its holdings in shares of 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 in the last quarter. Captrust Financial Advisors bought a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter worth $374,000. Creative Planning purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the third quarter valued at $377,000. Finally, AE Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $533,000.

About Direxion Daily NVDA Bull 2X Shares

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.