Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Update

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 314,100 shares, a decrease of 34.4% from the February 13th total of 478,600 shares. Approximately 8.6% of the shares of the company are short sold. Based on an average trading volume of 10,833,700 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily NVDA Bear 1X Shares Trading Down 5.1 %

NASDAQ NVDD traded down $0.35 on Friday, reaching $6.58. 13,361,391 shares of the company’s stock traded hands, compared to its average volume of 12,403,314. Direxion Daily NVDA Bear 1X Shares has a fifty-two week low of $5.65 and a fifty-two week high of $13.50. The stock has a 50 day moving average price of $6.47 and a 200-day moving average price of $6.67.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.0793 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. purchased a new stake in Direxion Daily NVDA Bear 1X Shares in the 4th quarter worth approximately $1,410,000. Advisory Services Network LLC purchased a new stake in Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $1,337,000. GTS Securities LLC grew its position in Direxion Daily NVDA Bear 1X Shares by 1,389.3% during the fourth quarter. GTS Securities LLC now owns 198,692 shares of the company’s stock valued at $1,286,000 after buying an additional 185,351 shares during the period. Virtu Financial LLC purchased a new position in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at $852,000. Finally, IMC Chicago LLC acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth about $643,000.

Direxion Daily NVDA Bear 1X Shares Company Profile

The Direxion Daily NVDA Bear 1X Shares (NVDD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of NVIDIA stock. NVDD was launched on Sep 13, 2023 and is issued by Direxion.