Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) Shares Shorted: Short Interest Down 81.2% in October

Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 50,014 shares, a drop of 81.2% from the September 30th total of 266,272 shares. Currently, 8.3% of the shares of the stock are sold short. Based on an average trading volume of 227,812 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Direxion Daily NVDA Bear 1X ETF

A hedge fund recently raised its position in Direxion Daily NVDA Bear 1X ETF stock. Optiver Holding B.V. grew its stake in Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) by 154.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,166 shares of the company’s stock after acquiring an additional 6,165 shares during the period. Optiver Holding B.V. owned 1.56% of Direxion Daily NVDA Bear 1X ETF worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily NVDA Bear 1X ETF Stock Down 2.3%

NVDD opened at $30.40 on Tuesday. The firm’s 50-day simple moving average is $29.88 and its 200-day simple moving average is $34.18. Direxion Daily NVDA Bear 1X ETF has a twelve month low of $27.01 and a twelve month high of $42.78.

Direxion Daily NVDA Bear 1X ETF 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.