Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 55.2% in June

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 38,201 shares, a drop of 55.2% from the June 15th total of 85,346 shares. Approximately 6.9% of the company’s stock are short sold. Based on an average daily volume of 120,085 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily NVDA Bear 1X Shares Trading Down 3.7%

Shares of NASDAQ:NVDD traded down $1.24 during trading hours on Tuesday, hitting $32.15. The company’s stock had a trading volume of 77,804 shares, compared to its average volume of 183,113. Direxion Daily NVDA Bear 1X Shares has a 52 week low of $29.41 and a 52 week high of $45.00. The firm’s fifty day moving average price is $32.96 and its 200 day moving average price is $36.31.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.2765 per share. This represents a $1.11 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily NVDA Bear 1X Shares

Large investors have recently bought and sold shares of the business. PayPay Securities Corp increased its holdings in shares of Direxion Daily NVDA Bear 1X Shares by 25.6% in the 4th quarter. PayPay Securities Corp now owns 2,097 shares of the company’s stock valued at $80,000 after acquiring an additional 427 shares during the period. Flow Traders U.S. LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares during the second quarter valued at about $165,000. StoneX Group Inc. boosted its position in Direxion Daily NVDA Bear 1X Shares by 340.4% during the second quarter. StoneX Group Inc. now owns 45,204 shares of the company’s stock valued at $211,000 after purchasing an additional 34,939 shares in the last quarter. Jump Financial LLC bought a new stake in Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at about $267,000. Finally, Optiver Holding B.V. grew its stake in 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 valued at $409,000 after purchasing an additional 6,165 shares during 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.