Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Up 6.6% – Here’s Why

Posted by Brenda Bartman on Feb 12th, 2025

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) traded up 6.6% during trading on Monday . The company traded as high as $85.75 and last traded at $85.71. 422,460 shares were traded during trading, a decline of 72% from the average session volume of 1,510,960 shares. The stock had previously closed at $80.41.

Direxion Daily NVDA Bull 2X Shares Trading Down 1.0 %

The stock’s fifty day simple moving average is $95.39 and its two-hundred day simple 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. Stockholders of record on Monday, December 23rd were paid a $0.6505 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 4th quarter worth approximately $37,000. Barclays PLC boosted its stake in Direxion Daily NVDA Bull 2X Shares by 45.0% during the third quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after acquiring an additional 450 shares in the last quarter. PayPay Securities Corp acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth $47,000. Chicago Partners Investment Group LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the fourth quarter valued at $206,000. Finally, Captrust Financial Advisors bought a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $374,000.

Direxion Daily NVDA Bull 2X Shares Company Profile

(Get Free Report)

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.