Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 47,784 shares, a decrease of 43.9% from the August 15th total of 85,116 shares. Based on an average trading volume of 208,364 shares, the days-to-cover ratio is presently 0.2 days. Approximately 8.0% of the shares of the stock are short sold.
Direxion Daily NVDA Bear 1X ETF Stock Down 0.8%
Shares of NASDAQ NVDD traded down $0.24 during midday trading on Wednesday, reaching $31.22. 183,894 shares of the company traded hands, compared to its average volume of 182,980. Direxion Daily NVDA Bear 1X ETF has a 12 month low of $28.46 and a 12 month high of $43.80. The stock’s 50-day simple moving average is $31.55 and its 200-day simple moving average is $34.05.
Hedge Funds Weigh In On Direxion Daily NVDA Bear 1X ETF
An institutional investor recently bought a new position in Direxion Daily NVDA Bear 1X ETF stock. Corient Private Wealth LP acquired a new position in shares of Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $850,000. Corient Private Wealth LP owned about 4.17% of Direxion Daily NVDA Bear 1X ETF at the end of the most recent quarter.
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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