Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Up 64.5% in August

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

Direxion Daily AMD Bear 1X Shares Stock Up 2.5%

Shares of AMDD stock traded up $0.75 during mid-day trading on Tuesday, reaching $31.04. The stock had a trading volume of 183,951 shares, compared to its average volume of 1,532,696. The business’s fifty day moving average is $29.37 and its 200-day moving average is $52.22. Direxion Daily AMD Bear 1X Shares has a 1-year low of $26.10 and a 1-year high of $157.30.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.249 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%.

Hedge Funds Weigh In On Direxion Daily AMD Bear 1X Shares

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

About Direxion Daily AMD Bear 1X Shares

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.