Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.76 and traded as low as $6.22. Direxion Daily NVDA Bear 1X Shares shares last traded at $6.47, with a volume of 6,655,244 shares trading hands.

Direxion Daily NVDA Bear 1X Shares Stock Up 4.0 %

The firm has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $7.76.

Direxion Daily NVDA Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.0728 dividend. This is a positive change from Direxion Daily NVDA Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.29 dividend on an annualized basis and a yield of 4.50%.

Institutional Trading of Direxion Daily NVDA Bear 1X Shares

Large investors have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. bought a new stake in Direxion Daily NVDA Bear 1X Shares during the 3rd quarter valued at about $245,000. Weil Company Inc. purchased a new position in shares of Direxion Daily NVDA Bear 1X Shares during the second quarter worth approximately $186,000. Silver Lake Advisory LLC bought a new stake in shares of Direxion Daily NVDA Bear 1X Shares during the second quarter valued at approximately $81,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily NVDA Bear 1X Shares in the third quarter valued at approximately $144,000.

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.