Direxion Daily NVDA Bear 1X ETF (NVDD)
Direxion Daily NVDA Bear 1X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $30.10, down 2.93% on the session, giving a market capitalisation of $19.5M. Its beta of -1.65 implies it has historically moved less than the broad market.
These Direxion Daily ETFs are designed to provide daily investment outcomes linked to the performance of NVIDIA Corporation's (NASDAQ: NVDA) common shares, before accounting for fees and expenses. Specifically, the Direxion Daily NVDA Bear 1X ETF (NVDD) aims for daily results reflecting 100% of the opposite movement of NVIDIA's stock, while the Direxion Daily NVDA Bull 2X ETF (NVDU) targets daily returns that are 200% of NVIDIA's stock performance.
Direxion Daily NVDA Bear 1X ETF is most often compared with the following Financial Services names: