Short Interest in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Drops By 34.4%

Posted by Lauren Steadman on Mar 17th, 2025

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

Institutional Investors Weigh In On Direxion Daily NVDA Bear 1X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDD. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter valued at $144,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at $643,000. PayPay Securities Corp purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at $65,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at $852,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at $71,000.

Direxion Daily NVDA Bear 1X Shares Stock Performance

Direxion Daily NVDA Bear 1X Shares stock traded up $0.12 during mid-day trading on Monday, hitting $6.70. 14,975,039 shares of the company were exchanged, compared to its average volume of 12,454,828. The business’s 50 day simple moving average is $6.47 and its two-hundred day simple moving average is $6.66. Direxion Daily NVDA Bear 1X Shares has a 12-month low of $5.65 and a 12-month high of $13.50.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.0793 per share. The ex-dividend date was Monday, December 23rd.

About Direxion Daily NVDA Bear 1X Shares

(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.