NVDU Stock Summary and Trading Ideas (Direxion Daily Nvda Bull 2X | NASDAQ:NVDU)

The Direxion Daily NVDA Bull 2X Shares (NVDU) seek daily investment results, before fees and expenses, of 200% of the inverse (or opposite) performance of the common shares of NVIDIA Corporation

Direxion Daily Nvda Bull 2X trades on the NASDAQ stock market under the symbol NVDU.

As of March 3, 2025, NVDU stock price declined to $59.44 with 2,245,058 million shares trading.

NVDU has a beta of 6.04, meaning it tends to be more sensitive to market movements. NVDU has a correlation of 0.53 to the broad based SPY ETF.

NVDU has a market cap of $482.95 million. This is considered a Small Cap stock.

NVDU has outperformed the market in the last year with a return of +67.1%, while the SPY ETF gained +16.5%. However, in the most recent history, NVDU shares have underperformed the stock market with its stock returning -21.1% in the last 3 month period and -34.9% for the last 2 week period, while SPY has returned -2.4% and -4.4%, respectively.

NVDU support price is $67.33 and resistance is $77.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVDU shares will trade within this expected range on the day.