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

Posted by Mickey Rousseau on Nov 13th, 2024

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,050,000 shares, a growth of 63.3% from the October 15th total of 642,900 shares. Based on an average daily volume of 3,334,200 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily NVDA Bear 1X Shares Stock Performance

NVDD traded up $0.09 during trading on Wednesday, hitting $6.04. 3,149,634 shares of the company’s stock were exchanged, compared to its average volume of 1,503,499. The business’s 50 day moving average is $7.01 and its two-hundred day moving average is $8.10. Direxion Daily NVDA Bear 1X Shares has a fifty-two week low of $5.91 and a fifty-two week high of $24.59.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.0728 dividend. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.29 annualized dividend and a dividend yield of 4.82%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Silver Lake Advisory LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares during the second quarter worth $81,000. Weil Company Inc. purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 2nd quarter valued at $186,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 3rd quarter worth $245,000.

Direxion Daily NVDA Bear 1X Shares Company Profile

(Get Free Report)

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.