Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – Time to Sell?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped down before the market opened on Monday . The stock had previously closed at $122.57, but opened at $116.47. Direxion Daily NVDA Bull 2X Shares shares last traded at $116.38, with a volume of 250,939 shares.

Direxion Daily NVDA Bull 2X Shares Trading Down 5.6 %

The firm has a fifty day simple moving average of $118.87 and a 200 day simple moving average of $106.55.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.4973 per share. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at $111,000. Barclays PLC grew its stake in Direxion Daily NVDA Bull 2X Shares by 45.0% during the 3rd quarter. Barclays PLC now owns 1,450 shares of the company’s stock worth $136,000 after buying an additional 450 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth $206,000. Captrust Financial Advisors purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $374,000. Finally, Creative Planning purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth $377,000.

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.