Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Stock Price Down 3.7% – What’s Next?

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)’s stock price dropped 3.7% on Tuesday . The stock traded as low as $35.67 and last traded at $35.71. Approximately 302,618 shares changed hands during trading, an increase of 35% from the average daily volume of 224,613 shares. The stock had previously closed at $37.08.

Direxion Daily NVDA Bear 1X Shares Stock Down 3.7%

The company’s 50 day moving average price is $39.01 and its 200-day moving average price is $38.91.

Direxion Daily NVDA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.2581 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.03 annualized dividend and a yield of 2.9%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NVDD. IHT Wealth Management LLC acquired a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 4th quarter valued at $2,098,000. Jump Financial LLC acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares in the 4th quarter worth $267,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $702,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $4,786,000. Finally, PayPay Securities Corp lifted its holdings in shares of Direxion Daily NVDA Bear 1X Shares by 25.6% during the fourth quarter. PayPay Securities Corp now owns 2,097 shares of the company’s stock valued at $80,000 after purchasing an additional 427 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.