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

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 478,600 shares, a decrease of 24.1% from the January 31st total of 630,700 shares. Based on an average trading volume of 9,193,600 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily NVDA Bear 1X Shares Price Performance

NVDD stock opened at $6.90 on Thursday. 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 business’s 50-day moving average is $6.35 and its two-hundred day moving average is $6.67.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The business also recently disclosed 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth about $1,410,000. Advisory Services Network LLC bought a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth about $1,337,000. GTS Securities LLC raised its stake in shares of Direxion Daily NVDA Bear 1X Shares by 1,389.3% in the fourth quarter. GTS Securities LLC now owns 198,692 shares of the company’s stock worth $1,286,000 after buying an additional 185,351 shares during the period. Jane Street Group LLC raised its stake in shares of Direxion Daily NVDA Bear 1X Shares by 146.7% in the fourth quarter. Jane Street Group LLC now owns 157,045 shares of the company’s stock worth $1,016,000 after buying an additional 93,397 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth about $852,000.

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.