Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 19.4% in December

Posted by Tristan Rich on Dec 31st, 2024

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) saw 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 trading volume of 5,202,800 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily NVDA Bear 1X Shares Stock Down 0.3 %

NASDAQ NVDD traded down $0.02 during trading hours on Monday, hitting $6.31. 7,635,466 shares of the company’s stock traded hands, compared to its average volume of 2,203,571. Direxion Daily NVDA Bear 1X Shares has a 52-week low of $5.75 and a 52-week high of $23.17. The firm’s 50-day moving average is $6.30 and its 200-day moving average is $7.23.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.0793 per share. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of NVDD. Silver Lake Advisory LLC acquired a new stake in Direxion Daily NVDA Bear 1X Shares in the second quarter valued at approximately $81,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily NVDA Bear 1X Shares during the 3rd quarter worth approximately $144,000. Weil Company Inc. acquired a new stake in Direxion Daily NVDA Bear 1X Shares during the 2nd quarter worth $186,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares during the third quarter worth about $245,000.

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.