Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Stock Price Down 3.5% – Here’s Why

Shares of Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) fell 3.5% during trading on Monday . The stock traded as low as $32.36 and last traded at $32.36. 142,555 shares were traded during trading, a decline of 26% from the average session volume of 193,428 shares. The stock had previously closed at $33.55.

Direxion Daily NVDA Bear 1X Shares Stock Performance

The firm’s 50-day moving average is $33.47 and its 200 day moving average is $37.07.

Direxion Daily NVDA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.2581 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IMC Chicago LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the 4th quarter worth $4,786,000. Jane Street Group LLC raised its position in shares of 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 worth $753,000 after buying an additional 109,712 shares during the period. Virtu Financial LLC raised its position in shares of Direxion Daily NVDA Bear 1X Shares by 95.0% in the 3rd quarter. Virtu Financial LLC now owns 79,599 shares of the company’s stock worth $3,117,000 after buying an additional 38,777 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares in the 4th quarter worth $2,098,000. Finally, Jump Financial LLC raised its position 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 buying an additional 206,421 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.