Short Interest in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Drops By 36.7%

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDDGet Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 53,323 shares, a decline of 36.7% from the July 15th total of 84,250 shares. Based on an average trading volume of 178,016 shares, the short-interest ratio is currently 0.3 days. Currently, 8.9% of the shares of the stock are sold short.

Direxion Daily NVDA Bear 1X Shares Price Performance

Shares of NVDD stock traded up $0.75 during trading hours on Tuesday, reaching $30.72. 132,242 shares of the company were exchanged, compared to its average volume of 179,514. Direxion Daily NVDA Bear 1X Shares has a fifty-two week low of $29.41 and a fifty-two week high of $45.00. The stock’s fifty day moving average is $33.02 and its two-hundred day moving average is $35.22.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.2765 dividend. This represents a $1.11 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Optiver Holding B.V. boosted its position in Direxion Daily NVDA Bear 1X Shares by 154.1% in the 1st quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock valued at $409,000 after buying an additional 6,165 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $267,000. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth $702,000. Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily NVDA Bear 1X Shares by 348.8% during the third quarter. Tower Research Capital LLC TRC now owns 23,978 shares of the company’s stock valued at $939,000 after acquiring an additional 18,635 shares during the period. Finally, StoneX Group Inc. lifted its stake in shares of Direxion Daily NVDA Bear 1X Shares by 340.4% during the second quarter. StoneX Group Inc. now owns 45,204 shares of the company’s stock valued at $211,000 after acquiring an additional 34,939 shares during the period.

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.

Further Reading

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