Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 28.4% in November

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 752,200 shares, a decline of 28.4% from the October 31st total of 1,050,000 shares. Based on an average trading volume of 4,070,200 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily NVDA Bear 1X Shares Price Performance

Shares of Direxion Daily NVDA Bear 1X Shares stock traded down $0.13 during trading hours on Friday, hitting $6.37. The company’s stock had a trading volume of 3,933,897 shares, compared to its average volume of 1,754,701. The business has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $7.67. Direxion Daily NVDA Bear 1X Shares has a 12-month low of $5.75 and a 12-month high of $24.59.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a $0.0728 dividend. This represents a $0.29 annualized dividend and a dividend yield of 4.57%. This is an increase from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily NVDA Bear 1X Shares

Several large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter worth about $144,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter worth about $245,000. Silver Lake Advisory LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the second quarter worth about $81,000. Finally, Weil Company Inc. purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the second quarter worth about $186,000.

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.