Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) Announces Dividend Increase – $0.49 Per Share

Direxion Daily NVDA Bear 1X ETF (NASDAQ:NVDD) announced a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.4879 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, September 22nd. This is a 76.5% increase from Direxion Daily NVDA Bear 1X ETF’s previous quarterly dividend of $0.28.

Direxion Daily NVDA Bear 1X ETF Price Performance

Shares of NVDD stock traded down $0.66 on Tuesday, hitting $28.69. 258,452 shares of the company’s stock were exchanged, compared to its average volume of 182,778. The company has a 50 day moving average of $31.36 and a 200 day moving average of $33.85. Direxion Daily NVDA Bear 1X ETF has a 12 month low of $28.46 and a 12 month high of $42.78.

About Direxion Daily NVDA Bear 1X ETF

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.