Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) Shares Shorted: Short Interest Down 72.4% in October

Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 13,824 shares, a decrease of 72.4% from the October 15th total of 50,014 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 195,959 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily NVDA Bear 1X ETF Price Performance

Shares of NASDAQ NVDD traded up $0.85 during mid-day trading on Friday, hitting $39.66. The company had a trading volume of 318,704 shares, compared to its average volume of 200,010. Direxion Daily NVDA Bear 1X ETF has a 1 year low of $27.01 and a 1 year high of $42.78. The stock’s 50-day moving average price is $30.69 and its 200-day moving average price is $33.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp lifted its holdings in shares of Direxion Daily NVDA Bear 1X ETF by 24.6% in the third quarter. PayPay Securities Corp now owns 2,201 shares of the company’s stock worth $63,000 after buying an additional 435 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Direxion Daily NVDA Bear 1X ETF in the 2nd quarter worth approximately $850,000. Finally, Optiver Holding B.V. lifted its stake in Direxion Daily NVDA Bear 1X ETF by 154.1% in the 1st quarter. Optiver Holding B.V. now owns 10,166 shares of the company’s stock worth $409,000 after purchasing an additional 6,165 shares in the last quarter.

Direxion Daily NVDA Bear 1X ETF 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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