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

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) shares gapped up before the market opened on Thursday . The stock had previously closed at $126.47, but opened at $141.91. Direxion Daily NVDA Bull 2X Shares shares last traded at $143.79, with a volume of 536,257 shares traded.

Direxion Daily NVDA Bull 2X Shares Stock Up 12.9%

The stock has a market capitalization of $652.41 million, a P/E ratio of 42.98 and a beta of 3.80. The stock’s 50 day moving average price is $126.42 and its 200-day moving average price is $123.87.

Direxion Daily NVDA Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.694 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.78 dividend on an annualized basis and a yield of 1.9%.

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

Several institutional investors have recently bought and sold shares of NVDU. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 4th quarter worth $69,000. Group One Trading LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at approximately $175,000. TRUE Private Wealth Advisors purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 3rd quarter valued at $204,000. Mercer Global Advisors Inc. ADV purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the third quarter valued at $262,000. Finally, StoneX Group Inc. purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the fourth quarter worth about $264,000.

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.