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Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Up 9% - Should You Buy?

Direxion Daily NVDA Bull 2X Shares logo with background

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) shares were up 9% during trading on Monday . The company traded as high as $118.35 and last traded at $117.75. Approximately 550,676 shares changed hands during 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 Stock Up 7.0 %

The company has a 50-day simple moving average of $113.66 and a two-hundred day simple moving average of $105.07.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

Institutional Investors Weigh In On Direxion Daily NVDA Bull 2X Shares

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

See Also

Should You Invest $1,000 in Direxion Daily NVDA Bull 2X Shares Right Now?

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