Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Plans Dividend Increase – $0.07 Per Share

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) announced a quarterly dividend on Monday, September 23rd, NASDAQ reports. Shareholders of record on Tuesday, September 24th will be given a dividend of 0.0728 per share on Tuesday, October 1st. This represents a $0.29 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, September 24th. This is a positive change from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05.

Direxion Daily NVDA Bear 1X Shares Stock Down 3.8 %

Shares of NASDAQ:NVDD traded down $0.29 during midday trading on Tuesday, hitting $7.38. The company had a trading volume of 3,721,559 shares, compared to its average volume of 1,076,792. Direxion Daily NVDA Bear 1X Shares has a 12 month low of $7.02 and a 12 month high of $28.21. The firm has a fifty day simple moving average of $8.06 and a 200 day simple moving average of $9.42.

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.