Flow Traders U.S. LLC Acquires Shares of 19,602 Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)

Flow Traders U.S. LLC bought a new position in shares of Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 19,602 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors have also modified their holdings of the company. Sterling Investment Advisors Ltd. purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares during the 3rd quarter valued at approximately $245,000. Silver Lake Advisory LLC acquired a new stake in Direxion Daily NVDA Bear 1X Shares in the second quarter valued at $81,000. Finally, Weil Company Inc. bought a new position in Direxion Daily NVDA Bear 1X Shares during the 2nd quarter valued at $186,000.

Direxion Daily NVDA Bear 1X Shares Stock Up 2.1 %

Shares of NVDD stock opened at $6.19 on Friday. Direxion Daily NVDA Bear 1X Shares has a one year low of $5.75 and a one year high of $24.29. The company’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $7.54.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.0728 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05.

Direxion Daily NVDA Bear 1X Shares 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.