Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) Increases Dividend to $0.49 Per Share

Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.4879 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 22nd. This is a 76.5% increase from Direxion Daily NVDA Bear 1X ETF’s previous quarterly dividend of $0.28.

Direxion Daily NVDA Bear 1X ETF Trading Down 2.2%

Direxion Daily NVDA Bear 1X ETF stock traded down $0.66 during mid-day trading on Tuesday, reaching $28.69. The stock had a trading volume of 258,452 shares, compared to its average volume of 182,778. The stock’s 50-day simple moving average is $31.36 and its 200-day simple moving average is $33.85. Direxion Daily NVDA Bear 1X ETF has a fifty-two week low of $28.46 and a fifty-two week high of $42.78.

About Direxion Daily NVDA Bear 1X ETF

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.