Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) Short Interest Update

Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 47,784 shares, a drop of 43.9% from the August 15th total of 85,116 shares. Based on an average daily trading volume, of 208,364 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.0% of the company’s stock are short sold.

Direxion Daily NVDA Bear 1X ETF Stock Up 3.3%

NASDAQ:NVDD opened at $31.64 on Tuesday. Direxion Daily NVDA Bear 1X ETF has a twelve month low of $28.46 and a twelve month high of $43.80. The business has a 50 day moving average price of $31.66 and a two-hundred day moving average price of $34.14.

Institutional Trading of 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 purchased a new stake in shares of Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.