Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 19.4% in December

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 321,600 shares, a decrease of 19.4% from the November 30th total of 398,900 shares. Based on an average daily volume of 5,202,800 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds have recently modified their holdings of the stock. Silver Lake Advisory LLC purchased a new stake in Direxion Daily NVDA Bear 1X Shares in the 2nd quarter worth about $81,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter worth about $144,000. Weil Company Inc. bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the second quarter valued at approximately $186,000. Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 3rd quarter valued at approximately $245,000.

Direxion Daily NVDA Bear 1X Shares Price Performance

NVDD traded up $0.16 during trading on Tuesday, hitting $6.47. 8,923,301 shares of the company traded hands, compared to its average volume of 2,230,271. Direxion Daily NVDA Bear 1X Shares has a one year low of $5.75 and a one year high of $23.17. The stock’s fifty day moving average is $6.31 and its 200 day moving average is $7.21.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.0793 per share. The ex-dividend date is Monday, December 23rd.

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.