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

Posted by Jessica Moore on Mar 4th, 2025

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD – Get Free Report) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 478,600 shares, a drop 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 short-interest ratio is currently 0.1 days.

Direxion Daily NVDA Bear 1X Shares Price Performance

Direxion Daily NVDA Bear 1X Shares stock opened at $7.09 on Tuesday. The company’s fifty day moving average price is $6.32 and its 200 day moving average price is $6.67. Direxion Daily NVDA Bear 1X Shares has a 1 year low of $5.65 and a 1 year high of $13.50.

Direxion Daily NVDA Bear 1X Shares Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. PayPay Securities Corp acquired a new stake in Direxion Daily NVDA Bear 1X Shares in the 4th quarter worth about $65,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter valued at approximately $71,000. Long Island Wealth Management Inc. acquired a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the fourth quarter worth approximately $85,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the third quarter worth approximately $144,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Direxion Daily NVDA Bear 1X Shares in the 4th quarter valued at $582,000.

About Direxion Daily NVDA Bear 1X Shares

(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.