Short Interest in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Drops By 55.2%

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 38,201 shares, a decrease of 55.2% from the June 15th total of 85,346 shares. Based on an average trading volume of 120,085 shares, the short-interest ratio is presently 0.3 days. Approximately 6.9% of the shares of the company are short sold.

Direxion Daily NVDA Bear 1X Shares Trading Down 0.3%

Shares of Direxion Daily NVDA Bear 1X Shares stock traded down $0.10 during trading on Wednesday, reaching $31.95. The company’s stock had a trading volume of 131,527 shares, compared to its average volume of 183,055. The business’s fifty day moving average price is $32.89 and its 200-day moving average price is $36.27. Direxion Daily NVDA Bear 1X Shares has a one year low of $29.41 and a one year high of $45.00.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.2765 dividend. This represents a $1.11 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Hedge funds have recently modified their holdings of the business. PayPay Securities Corp grew its stake in shares of Direxion Daily NVDA Bear 1X Shares by 25.6% in the fourth quarter. PayPay Securities Corp now owns 2,097 shares of the company’s stock worth $80,000 after acquiring an additional 427 shares during the last quarter. Jump Financial LLC acquired a new position in Direxion Daily NVDA Bear 1X Shares during the 4th quarter valued at $267,000. Optiver Holding B.V. boosted its holdings 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 period. Renaissance Technologies LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares in the 4th quarter valued at $702,000. Finally, Tower Research Capital LLC TRC grew its position in Direxion Daily NVDA Bear 1X Shares by 348.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 23,978 shares of the company’s stock worth $939,000 after purchasing an additional 18,635 shares during the last quarter.

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.