Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Stock Price Up 9% – Should You Buy?

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were up 9% during trading on Monday . The stock traded as high as $118.35 and last traded at $117.75. Approximately 550,676 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 788,063 shares. The stock had previously closed at $108.00.

Direxion Daily NVDA Bull 2X Shares Price Performance

The business has a 50-day simple moving average of $113.20 and a two-hundred day simple moving average of $104.95.

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 given 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

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased 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. Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $111,000. Captrust Financial Advisors acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $374,000. Creative Planning bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. Finally, AE Wealth Management LLC acquired a new position in shares of 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.