Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $33.88 and traded as high as $35.80. Direxion Daily NVDA Bear 1X ETF shares last traded at $35.78, with a volume of 531,669 shares changing hands.
Direxion Daily NVDA Bear 1X ETF Price Performance
The business has a fifty day moving average price of $30.00 and a 200 day moving average price of $33.88.
Hedge Funds Weigh In On Direxion Daily NVDA Bear 1X ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its stake in Direxion Daily NVDA Bear 1X ETF by 24.6% in the third quarter. PayPay Securities Corp now owns 2,201 shares of the company’s stock valued at $63,000 after purchasing an additional 435 shares during the last quarter. Optiver Holding B.V. raised its holdings in Direxion Daily NVDA Bear 1X ETF by 154.1% during the first quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock worth $409,000 after purchasing an additional 6,165 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new stake in shares of Direxion Daily NVDA Bear 1X ETF during the 2nd quarter worth approximately $850,000.
Direxion Daily NVDA Bear 1X ETF 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.
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