Sterling Investment Advisors Ltd. Makes New Investment in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)

Sterling Investment Advisors Ltd. purchased a new position in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) during the 3rd quarter, HoldingsChannel reports. The firm purchased 33,300 shares of the company’s stock, valued at approximately $245,000.

Separately, Silver Lake Advisory LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares in the second quarter worth about $81,000.

Direxion Daily NVDA Bear 1X Shares Price Performance

Direxion Daily NVDA Bear 1X Shares stock traded down $0.06 during midday trading on Friday, hitting $6.26. The company’s stock had a trading volume of 3,211,006 shares, compared to its average volume of 1,355,852. The stock’s 50-day moving average price is $7.30 and its 200-day moving average price is $8.63. Direxion Daily NVDA Bear 1X Shares has a 12 month low of $6.14 and a 12 month high of $28.21.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.0728 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.29 dividend on an annualized basis and a yield of 4.65%. This is a boost from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05.

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.