Virtu Financial LLC Invests $852,000 in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)

Virtu Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 131,746 shares of the company’s stock, valued at approximately $852,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDD. PayPay Securities Corp bought a new position in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $65,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter worth approximately $144,000. Finally, IMC Chicago LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth approximately $643,000.

Direxion Daily NVDA Bear 1X Shares Trading Down 3.1 %

NVDD opened at $6.59 on Tuesday. The firm’s 50 day simple moving average is $6.54 and its two-hundred day simple moving average is $6.61. Direxion Daily NVDA Bear 1X Shares has a 1-year low of $5.65 and a 1-year high of $13.50.

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.