Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading 6.8% Higher After Dividend Announcement

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares traded up 6.8% on Wednesday after the company announced a dividend. The stock traded as high as $117.53 and last traded at $117.47. 454,826 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 667,742 shares. The stock had previously closed at $110.00.

The newly announced dividend which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be given a $13.8797 dividend. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 12th.

Direxion Daily NVDA Bull 2X Shares Stock Down 4.7 %

The business’s 50 day moving average is $119.98 and its two-hundred day moving average is $106.74.

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

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