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

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 321,600 shares, a decrease of 19.4% from the November 30th total of 398,900 shares. Based on an average daily trading volume, of 5,202,800 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily NVDA Bear 1X Shares Stock Up 2.1 %

Shares of Direxion Daily NVDA Bear 1X Shares stock traded up $0.13 during trading on Friday, reaching $6.33. 6,581,982 shares of the company were exchanged, compared to its average volume of 2,181,842. Direxion Daily NVDA Bear 1X Shares has a twelve month low of $5.75 and a twelve month high of $23.17. The business has a 50-day moving average price of $6.30 and a 200-day moving average price of $7.23.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.0793 dividend. The ex-dividend date is Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDD. Silver Lake Advisory LLC acquired a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the second quarter worth about $81,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily NVDA Bear 1X Shares during the 3rd quarter worth approximately $144,000. Weil Company Inc. bought a new position in Direxion Daily NVDA Bear 1X Shares in the second quarter valued at approximately $186,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter valued at approximately $245,000.

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.