Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Up 59.6% in August

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 85,116 shares, a growth of 59.6% from the July 30th total of 53,323 shares. Based on an average trading volume of 142,888 shares, the days-to-cover ratio is presently 0.6 days. Currently, 14.2% of the company’s stock are short sold.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP bought a new stake in Direxion Daily NVDA Bear 1X Shares during the 2nd quarter valued at about $850,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily NVDA Bear 1X Shares by 154.1% in the first quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock worth $409,000 after buying an additional 6,165 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at approximately $2,098,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at approximately $267,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at approximately $702,000.

Direxion Daily NVDA Bear 1X Shares Trading Down 0.9%

Shares of NASDAQ NVDD traded down $0.29 during trading on Monday, reaching $30.43. The company had a trading volume of 81,715 shares, compared to its average volume of 182,355. Direxion Daily NVDA Bear 1X Shares has a 12-month low of $29.00 and a 12-month high of $45.00. The business’s 50-day moving average is $32.65 and its 200 day moving average is $34.74.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

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

About Direxion Daily NVDA Bear 1X Shares

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.