Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Short Interest Down 24.1% in February

Posted by Grant Hamersma on Mar 4th, 2025

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 478,600 shares, a decrease of 24.1% from the January 31st total of 630,700 shares. Based on an average daily trading volume, of 9,193,600 shares, the days-to-cover ratio is currently 0.1 days.

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

Several large investors have recently bought and sold shares of NVDD. Optiver Holding B.V. acquired a new position in shares of Direxion Daily NVDA Bear 1X Shares during the fourth quarter worth about $1,410,000. Advisory Services Network LLC purchased a new position in Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth approximately $1,337,000. GTS Securities LLC grew its holdings in Direxion Daily NVDA Bear 1X Shares by 1,389.3% during the 4th quarter. GTS Securities LLC now owns 198,692 shares of the company’s stock worth $1,286,000 after acquiring an additional 185,351 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the 4th quarter valued at approximately $852,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the 4th quarter valued at approximately $643,000.

Direxion Daily NVDA Bear 1X Shares Stock Performance

NASDAQ:NVDD opened at $7.09 on Tuesday. Direxion Daily NVDA Bear 1X Shares has a 52 week low of $5.65 and a 52 week high of $13.50. The company has a fifty day simple moving average of $6.32 and a two-hundred day simple moving average of $6.67.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.0793 per share. The ex-dividend date was Monday, December 23rd.

Direxion Daily NVDA Bear 1X Shares 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.