Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Sees Large Growth in Short Interest

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 76,324 shares, a growth of 255.0% from the August 15th total of 21,501 shares. Based on an average daily volume of 53,854 shares, the days-to-cover ratio is currently 1.4 days. Approximately 17.0% of the company’s stock are short sold.

Direxion Daily AMD Bull 2X ETF Stock Up 4.9%

Direxion Daily AMD Bull 2X ETF stock traded up $9.50 during trading hours on Friday, hitting $204.10. The stock had a trading volume of 45,008 shares, compared to its average volume of 140,538. Direxion Daily AMD Bull 2X ETF has a 12-month low of $35.19 and a 12-month high of $293.65. The stock’s 50-day moving average price is $198.40 and its 200-day moving average price is $156.24.

Institutional Trading of Direxion Daily AMD Bull 2X ETF

Institutional investors have recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily AMD Bull 2X ETF in the second quarter worth $92,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF during the fourth quarter valued at $44,000. Cresset Asset Management LLC purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF during the third quarter valued at $407,000. Optiver Holding B.V. increased its holdings in Direxion Daily AMD Bull 2X ETF by 40.7% in the 1st quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock worth $1,239,000 after buying an additional 8,415 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Direxion Daily AMD Bull 2X ETF in the 2nd quarter worth about $1,443,000.

About Direxion Daily AMD Bull 2X ETF

The Direxion Daily AMD Bull 2X Shares ETF (AMUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMUU was launched on Feb 12, 2025 and is issued by Direxion.