Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 34.4% in February

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDDGet Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 314,100 shares, a decline of 34.4% from the February 13th total of 478,600 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average trading volume of 10,833,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PayPay Securities Corp acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at about $65,000. Renaissance Technologies LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $71,000. Long Island Wealth Management Inc. bought a new stake in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $85,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares in the third quarter valued at about $144,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at about $582,000.

Direxion Daily NVDA Bear 1X Shares Stock Down 5.1 %

Shares of NVDD traded down $0.35 during trading hours on Friday, reaching $6.58. 13,361,391 shares of the company traded hands, compared to its average volume of 12,403,314. The stock’s fifty day moving average is $6.47 and its 200 day moving average is $6.67. Direxion Daily NVDA Bear 1X Shares has a 1-year low of $5.65 and a 1-year high of $13.50.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.0793 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.

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