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

Shares of Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) gapped down before the market opened on Tuesday . The stock had previously closed at $120.18, but opened at $110.28. Direxion Daily NVDA Bull 2X Shares shares last traded at $107.24, with a volume of 609,239 shares changing hands.

Direxion Daily NVDA Bull 2X Shares Stock Performance

The firm has a market capitalization of $559.45 million, a P/E ratio of 42.98 and a beta of 4.20. The business’s fifty day moving average price is $129.52 and its two-hundred day moving average price is $112.06.

Direxion Daily NVDA Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.4973 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVDU. Bogart Wealth LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at approximately $40,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Direxion Daily NVDA Bull 2X Shares in the third quarter worth $42,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the second quarter worth $44,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily NVDA Bull 2X Shares during the first quarter valued at $75,000. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Direxion Daily NVDA Bull 2X Shares by 103.3% during the second quarter. Western Pacific Wealth Management LP now owns 1,000 shares of the company’s stock valued at $99,000 after buying an additional 508 shares during the last quarter.

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.