Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Sees Significant Drop in Short Interest

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDDGet Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 106,175 shares, a drop of 37.5% from the June 30th total of 169,745 shares. Based on an average daily trading volume, of 1,963,988 shares, the short-interest ratio is currently 0.1 days. Currently, 16.6% of the shares of the stock are short sold.

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

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at approximately $116,000. Jane Street Group LLC bought a new stake in Direxion Daily AMD Bear 1X Shares in the second quarter worth $225,000. Susquehanna International Group LLP purchased a new position in Direxion Daily AMD Bear 1X Shares during the third quarter worth $292,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily AMD Bear 1X Shares during the first quarter valued at $664,000. Finally, Citadel Advisors LLC bought a new position in Direxion Daily AMD Bear 1X Shares during the third quarter valued at $587,000.

Direxion Daily AMD Bear 1X Shares Stock Performance

Shares of NASDAQ AMDD opened at $34.33 on Thursday. The firm’s 50-day moving average price is $30.39 and its 200-day moving average price is $61.36. Direxion Daily AMD Bear 1X Shares has a 12-month low of $26.10 and a 12-month high of $157.30.

Direxion Daily AMD Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Direxion Daily AMD Bear 1X Shares Company Profile

(Get Free Report)

The Direxion Daily AMD Bear 1X Shares (AMDD) 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 AMD stock. AMDD was launched on Feb 12, 2025 and is issued by Direxion.

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