Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Shares Up 3.4% – Here’s What Happened

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) rose 3.4% during mid-day trading on Wednesday . The stock traded as high as $41.52 and last traded at $41.03. Approximately 482,286 shares were traded during trading, an increase of 69% from the average daily volume of 285,446 shares. The stock had previously closed at $39.68.

Direxion Daily NVDA Bear 1X Shares Stock Up 3.4%

The stock’s fifty day simple moving average is $39.03 and its 200-day simple moving average is $39.87.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.3378 per share. This represents a $1.35 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.04.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its position in shares of Direxion Daily NVDA Bear 1X Shares by 85.4% in the second quarter. PayPay Securities Corp now owns 11,886 shares of the company’s stock worth $55,000 after acquiring an additional 5,476 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Direxion Daily NVDA Bear 1X Shares during the second quarter valued at about $165,000. StoneX Group Inc. boosted its position in 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 worth $211,000 after purchasing an additional 34,939 shares during the period. Wakefield Asset Management LLLP bought a new position in Direxion Daily NVDA Bear 1X Shares in the 2nd quarter worth $658,000. Finally, Jane Street Group LLC lifted its position in shares of Direxion Daily NVDA Bear 1X Shares by 211.2% during the 2nd quarter. Jane Street Group LLC now owns 161,655 shares of the company’s stock worth $753,000 after purchasing an additional 109,712 shares during the last quarter.

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.