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Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down - Should You Sell?

Direxion Daily NVDA Bull 2X Shares logo with background

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $94.83, but opened at $86.42. Direxion Daily NVDA Bull 2X Shares shares last traded at $88.85, with a volume of 334,881 shares trading hands.

Direxion Daily NVDA Bull 2X Shares Trading Down 3.9 %

The company has a fifty day moving average price of $112.26 and a 200 day moving average price of $104.67.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.6505 per share. The ex-dividend date was Monday, December 23rd.

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

Several institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter valued at about $2,165,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the third quarter worth approximately $557,000. AE Wealth Management LLC acquired a new position in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth approximately $533,000. Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter worth approximately $377,000. Finally, Captrust Financial Advisors acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at approximately $374,000.

About Direxion Daily NVDA Bull 2X Shares

(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.

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