Short Interest in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Drops By 36.7%

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 53,323 shares, a decline of 36.7% from the July 15th total of 84,250 shares. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 178,016 shares, the short-interest ratio is presently 0.3 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. raised its position in Direxion Daily NVDA Bear 1X Shares by 154.1% in the 1st quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock valued at $409,000 after purchasing an additional 6,165 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $267,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $702,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily NVDA Bear 1X Shares by 348.8% in the third quarter. Tower Research Capital LLC TRC now owns 23,978 shares of the company’s stock valued at $939,000 after buying an additional 18,635 shares during the last quarter. Finally, StoneX Group Inc. lifted its position in Direxion Daily NVDA Bear 1X Shares by 340.4% during the 2nd quarter. StoneX Group Inc. now owns 45,204 shares of the company’s stock worth $211,000 after buying an additional 34,939 shares in the last quarter.

Direxion Daily NVDA Bear 1X Shares Price Performance

Direxion Daily NVDA Bear 1X Shares stock traded up $0.75 during trading hours on Tuesday, hitting $30.72. 132,242 shares of the stock were exchanged, compared to its average volume of 179,514. The business’s 50-day moving average is $33.02 and its two-hundred day moving average is $35.22. Direxion Daily NVDA Bear 1X Shares has a 12 month low of $29.41 and a 12 month high of $45.00.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.2765 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.