Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Trading Up 2% – Here’s What Happened

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) shares shot up 2% during trading on Friday . The company traded as high as $32.33 and last traded at $32.27. 139,114 shares changed hands during trading, a decline of 31% from the average session volume of 201,385 shares. The stock had previously closed at $31.63.

Direxion Daily NVDA Bear 1X Shares Stock Performance

The business has a 50-day moving average of $36.10 and a 200 day moving average of $37.82.

Direxion Daily NVDA Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.2581 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Institutional investors have recently modified their holdings of the company. Jump Financial LLC lifted its stake in shares of Direxion Daily NVDA Bear 1X Shares by 347.2% during the second quarter. Jump Financial LLC now owns 265,880 shares of the company’s stock valued at $1,239,000 after buying an additional 206,421 shares during the period. Advisory Services Network LLC purchased a new stake in Direxion Daily NVDA Bear 1X Shares in the 2nd quarter worth approximately $976,000. Jane Street Group LLC raised its holdings in Direxion Daily NVDA Bear 1X Shares by 211.2% in the 2nd quarter. Jane Street Group LLC now owns 161,655 shares of the company’s stock valued at $753,000 after acquiring an additional 109,712 shares during the last quarter. IMC Chicago LLC acquired a new position in Direxion Daily NVDA Bear 1X Shares in the 4th quarter valued at $4,786,000. Finally, Virtu Financial LLC lifted its stake in shares of Direxion Daily NVDA Bear 1X Shares by 95.0% during the 3rd quarter. Virtu Financial LLC now owns 79,599 shares of the company’s stock worth $3,117,000 after purchasing an additional 38,777 shares during the period.

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.