Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 34.4% in February

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 314,100 shares, a decrease of 34.4% from the February 13th total of 478,600 shares. Based on an average daily trading volume, of 10,833,700 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.6% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Several large investors have recently added to or reduced their stakes in the company. GTS Securities LLC grew its stake in Direxion Daily NVDA Bear 1X Shares by 1,389.3% during the fourth quarter. GTS Securities LLC now owns 198,692 shares of the company’s stock worth $1,286,000 after buying an additional 185,351 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Direxion Daily NVDA Bear 1X Shares by 146.7% during the fourth quarter. Jane Street Group LLC now owns 157,045 shares of the company’s stock worth $1,016,000 after purchasing an additional 93,397 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth approximately $1,410,000. Long Island Wealth Management Inc. acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth approximately $85,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth approximately $582,000.

Direxion Daily NVDA Bear 1X Shares Price Performance

Direxion Daily NVDA Bear 1X Shares stock traded down $0.35 during trading hours on Friday, hitting $6.58. 13,361,391 shares of the stock were exchanged, compared to its average volume of 12,403,314. Direxion Daily NVDA Bear 1X Shares has a 12 month low of $5.65 and a 12 month high of $13.50. The business’s 50-day moving average is $6.47 and its two-hundred day moving average is $6.67.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0793 per share. The ex-dividend date of this dividend was 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.