Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Down 4.3% – Here’s What Happened

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were down 4.3% on Tuesday . The company traded as low as $93.44 and last traded at $93.93. Approximately 708,399 shares were traded during trading, an increase of 4% from the average daily volume of 683,408 shares. The stock had previously closed at $98.20.

Direxion Daily NVDA Bull 2X Shares Trading Down 4.7 %

The business has a 50-day moving average of $114.61 and a 200-day moving average of $105.77.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

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

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

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in Direxion Daily NVDA Bull 2X Shares during the second quarter worth $111,000. Barclays PLC raised its holdings 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 valued at $136,000 after buying an additional 450 shares during the period. Captrust Financial Advisors acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $374,000. Creative Planning acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 3rd quarter worth about $377,000. Finally, AE Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at about $533,000.

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.