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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDDGet Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 23,941 shares, a growth of 64.5% from the July 30th total of 14,552 shares. Based on an average daily volume of 713,042 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.4% of the shares of the company are sold short.

Direxion Daily AMD Bear 1X Shares Stock Up 2.2%

Shares of NASDAQ AMDD opened at $30.95 on Wednesday. Direxion Daily AMD Bear 1X Shares has a one year low of $26.10 and a one year high of $157.30. The business’s fifty day moving average price is $29.39 and its 200-day moving average price is $51.81.

Direxion Daily AMD Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.249 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 3.2%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. IMC Chicago LLC bought a new stake in Direxion Daily AMD Bear 1X Shares during the 1st quarter worth approximately $551,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at $664,000. Citadel Advisors LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares during the 3rd quarter valued at $587,000. Jump Financial LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $583,000. Finally, OLD Mission Capital LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $525,000.

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.

Further Reading

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