Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) Trading Up 5.6% – Still a Buy?

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) were up 5.6% during trading on Tuesday . The company traded as high as $137.50 and last traded at $137.47. Approximately 356,623 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 652,636 shares. The stock had previously closed at $130.12.

Direxion Daily NVDA Bull 2X Shares Price Performance

The firm has a 50 day moving average price of $106.20 and a two-hundred day moving average price of $99.04.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.4973 dividend. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.48. This represents a $1.99 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily NVDA Bull 2X Shares

Several large investors have recently modified their holdings of the stock. Creative Planning bought a new position in Direxion Daily NVDA Bull 2X Shares during the third quarter worth $377,000. AE Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter valued at about $533,000. SeaCrest Wealth Management LLC acquired a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter worth approximately $206,000. Hollencrest Capital Management bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter worth approximately $111,000. Finally, Modera Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at approximately $556,000.

About Direxion Daily NVDA Bull 2X Shares

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.