Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Stock Price Down 4.2% – Here’s What Happened

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)’s share price fell 4.2% during trading on Monday . The company traded as low as $6.17 and last traded at $6.17. 4,900,320 shares were traded during mid-day trading, an increase of 278% from the average session volume of 1,296,947 shares. The stock had previously closed at $6.44.

Direxion Daily NVDA Bear 1X Shares Stock Down 4.2 %

The company has a fifty day moving average of $7.42 and a 200 day moving average of $8.76.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a $0.0728 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.72%. This is an increase from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On Direxion Daily NVDA Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily NVDA Bear 1X Shares stock. Silver Lake Advisory LLC bought a new position in Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,179 shares of the company’s stock, valued at approximately $81,000. Silver Lake Advisory LLC owned approximately 0.33% of Direxion Daily NVDA Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

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.