Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Up 59.6% in August

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 85,116 shares, an increase of 59.6% from the July 30th total of 53,323 shares. Based on an average daily volume of 142,888 shares, the short-interest ratio is presently 0.6 days. Currently, 14.2% of the company’s stock are short sold.

Direxion Daily NVDA Bear 1X Shares Stock Down 0.9%

Shares of Direxion Daily NVDA Bear 1X Shares stock traded down $0.29 on Monday, reaching $30.43. The company’s stock had a trading volume of 81,715 shares, compared to its average volume of 182,355. Direxion Daily NVDA Bear 1X Shares has a 52 week low of $29.00 and a 52 week high of $45.00. The firm’s fifty day simple moving average is $32.65 and its two-hundred day simple moving average is $34.74.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.2765 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.11 dividend on an annualized basis and a yield of 3.6%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the 2nd quarter valued at about $165,000. StoneX Group Inc. raised its holdings in shares of 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 during the last quarter. Jump Financial LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter valued at approximately $267,000. Optiver Holding B.V. lifted its position in Direxion Daily NVDA Bear 1X Shares by 154.1% during 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 period. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth approximately $702,000.

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.