Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 84,250 shares, a growth of 120.5% from the June 30th total of 38,201 shares. Currently, 15.3% of the company’s shares are sold short. Based on an average daily volume of 124,099 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its position in shares of Direxion Daily NVDA Bear 1X Shares by 25.6% in the 4th quarter. PayPay Securities Corp now owns 2,097 shares of the company’s stock valued at $80,000 after acquiring an additional 427 shares during the period. Optiver Holding B.V. grew its stake in Direxion Daily NVDA Bear 1X Shares by 154.1% during the 1st quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock valued at $409,000 after purchasing an additional 6,165 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $267,000. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $702,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily NVDA Bear 1X Shares by 348.8% in the third quarter. Tower Research Capital LLC TRC now owns 23,978 shares of the company’s stock worth $939,000 after purchasing an additional 18,635 shares during the last quarter.
Direxion Daily NVDA Bear 1X Shares Trading Down 0.3%
Shares of NASDAQ:NVDD traded down $0.10 during trading hours on Tuesday, hitting $34.38. The company’s stock had a trading volume of 193,801 shares, compared to its average volume of 182,127. The firm’s fifty day moving average price is $33.12 and its 200 day moving average price is $35.95. Direxion Daily NVDA Bear 1X Shares has a 52 week low of $29.41 and a 52 week high of $45.00.
Direxion Daily NVDA Bear 1X Shares Announces Dividend
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.
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