Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Trading 3.2% Higher – What’s Next?

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) shot up 3.2% during mid-day trading on Friday . The company traded as high as $41.20 and last traded at $40.99. 103,045 shares traded hands during trading, a decline of 58% from the average session volume of 245,237 shares. The stock had previously closed at $39.70.

Direxion Daily NVDA Bear 1X Shares Stock Performance

The firm has a 50-day moving average price of $38.61 and a 200-day moving average price of $39.22.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.3378 per share. This is an increase from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $1.35 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Direxion Daily NVDA Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily NVDA Bear 1X Shares by 348.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 23,978 shares of the company’s stock valued at $939,000 after purchasing an additional 18,635 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the 2nd quarter worth approximately $976,000. IHT Wealth Management LLC acquired a new stake in Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at approximately $2,098,000. Virtu Financial LLC lifted its stake in Direxion Daily NVDA Bear 1X Shares by 95.0% during the third quarter. Virtu Financial LLC now owns 79,599 shares of the company’s stock valued at $3,117,000 after purchasing an additional 38,777 shares during the last quarter. Finally, PayPay Securities Corp boosted its holdings in Direxion Daily NVDA Bear 1X Shares by 25.6% during the fourth quarter. PayPay Securities Corp now owns 2,097 shares of the company’s stock worth $80,000 after buying an additional 427 shares in the last quarter.

Direxion Daily NVDA Bear 1X Shares 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.