Elevatus Welath Management Buys New Position in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)

Elevatus Welath Management bought a new stake in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $292,000. Elevatus Welath Management owned about 1.30% of Direxion Daily NVDA Bear 1X Shares at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NVDD. SouthState Corp acquired a new position in Direxion Daily NVDA Bear 1X Shares in the first quarter valued at $29,000. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily NVDA Bear 1X Shares by 267.8% in the first quarter. SBI Securities Co. Ltd. now owns 4,539 shares of the company’s stock valued at $33,000 after purchasing an additional 3,305 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $71,000. Long Island Wealth Management Inc. purchased a new position in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $85,000. Finally, CWA Asset Management Group LLC acquired a new stake in Direxion Daily NVDA Bear 1X Shares during the first quarter valued at approximately $457,000.

Direxion Daily NVDA Bear 1X Shares Stock Performance

Shares of NASDAQ NVDD opened at $4.08 on Friday. The stock’s 50 day moving average price is $4.53 and its two-hundred day moving average price is $5.85. Direxion Daily NVDA Bear 1X Shares has a 52-week low of $4.00 and a 52-week high of $8.98.

Direxion Daily NVDA Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.0408 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.16 annualized dividend and a dividend yield of 4.0%.

About Direxion Daily NVDA Bear 1X Shares

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.