Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Shares Gap Down – What’s Next?

by · The Markets Daily

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $122.64, but opened at $118.00. Direxion Daily NVDA Bull 2X Shares shares last traded at $116.90, with a volume of 174,773 shares.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm’s fifty day simple moving average is $128.16 and its 200 day simple moving average is $115.30. The stock has a market capitalization of $532.97 million, a price-to-earnings ratio of 42.98 and a beta of 4.20.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th will be given a $4.4389 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $17.76 annualized dividend and a yield of 15.9%. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.50.

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

Large investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 120.0% in the third quarter. UBS Group AG now owns 275,000 shares of the company’s stock valued at $36,061,000 after purchasing an additional 149,978 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $2,175,000. HRT Financial LP bought a new stake in Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $1,925,000. Tower Research Capital LLC TRC boosted its position in Direxion Daily NVDA Bull 2X Shares by 115.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 27,706 shares of the company’s stock worth $3,633,000 after acquiring an additional 14,838 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Direxion Daily NVDA Bull 2X Shares by 206.1% during the 3rd quarter. Jump Financial LLC now owns 20,221 shares of the company’s stock worth $2,652,000 after acquiring an additional 13,614 shares during the last quarter.

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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