Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Up 120.5% in July

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 84,250 shares, a growth of 120.5% from the June 30th total of 38,201 shares. Currently, 15.3% of the shares of the company are sold short. Based on an average daily volume of 124,099 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Several large investors have recently bought and sold shares of NVDD. Jump Financial LLC increased its stake in shares of Direxion Daily NVDA Bear 1X Shares by 347.2% in the 2nd quarter. Jump Financial LLC now owns 265,880 shares of the company’s stock worth $1,239,000 after acquiring an additional 206,421 shares during the last quarter. Advisory Services Network LLC acquired a new position in Direxion Daily NVDA Bear 1X Shares in the second quarter valued at about $976,000. Jane Street Group LLC boosted its stake in Direxion Daily NVDA Bear 1X Shares by 211.2% during the second quarter. Jane Street Group LLC now owns 161,655 shares of the company’s stock worth $753,000 after buying an additional 109,712 shares during the period. IMC Chicago LLC purchased a new position in Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth about $4,786,000. Finally, Virtu Financial LLC increased its position in shares of 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 acquiring an additional 38,777 shares during the last quarter.

Direxion Daily NVDA Bear 1X Shares Trading Down 0.3%

Direxion Daily NVDA Bear 1X Shares stock traded down $0.10 during mid-day trading on Tuesday, hitting $34.38. The company had a trading volume of 193,801 shares, compared to its average volume of 182,127. Direxion Daily NVDA Bear 1X Shares has a 12-month low of $29.41 and a 12-month high of $45.00. The company’s fifty day moving average is $33.12 and its 200-day moving average is $35.95.

Direxion Daily NVDA Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.2765 dividend. This represents a $1.11 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, June 23rd.

About Direxion Daily NVDA Bear 1X Shares

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.