Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Update

Posted by Dante Gardener on Nov 13th, 2024

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,050,000 shares, an increase of 63.3% from the October 15th total of 642,900 shares. Based on an average daily volume of 3,334,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 3rd quarter worth approximately $245,000. Weil Company Inc. acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the 2nd quarter worth $186,000. Finally, Silver Lake Advisory LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 2nd quarter worth $81,000.

Direxion Daily NVDA Bear 1X Shares Stock Up 1.5 %

NVDD traded up $0.09 during trading hours on Wednesday, reaching $6.04. The company’s stock had a trading volume of 3,149,634 shares, compared to its average volume of 1,503,499. The company’s 50-day moving average is $7.01 and its 200-day moving average is $8.10. Direxion Daily NVDA Bear 1X Shares has a 52 week low of $5.91 and a 52 week high of $24.59.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.0728 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.82%. This is a positive change from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05.

Direxion Daily NVDA Bear 1X Shares Company Profile

(Get Free Report)

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.