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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $84.09, but opened at $80.34. Direxion Daily NVDA Bull 2X Shares shares last traded at $81.82, with a volume of 326,984 shares traded.

Direxion Daily NVDA Bull 2X Shares Price Performance

The company’s fifty day moving average is $95.39 and its 200 day moving average is $100.82.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDU. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at approximately $37,000. PayPay Securities Corp bought a new position in Direxion Daily NVDA Bull 2X Shares during the 4th quarter valued at $47,000. Tucker Asset Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth $51,000. Barclays PLC increased its position in shares of Direxion Daily NVDA Bull 2X Shares by 45.0% in the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after purchasing an additional 450 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter valued at about $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.