Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Up 62.5% in May

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 307,086 shares, an increase of 62.5% from the April 30th total of 188,956 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average daily volume of 22,508,651 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. increased its holdings in shares of Direxion Daily AMD Bear 1X Shares by 103.2% in the 3rd quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock valued at $1,016,000 after acquiring an additional 35,733 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares in the 4th quarter valued at about $583,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at about $551,000. OLD Mission Capital LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares in the 4th quarter valued at about $525,000. Finally, Citadel Advisors LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $587,000.

Direxion Daily AMD Bear 1X Shares Stock Performance

Shares of AMDD stock traded down $0.08 on Wednesday, reaching $3.05. 9,332,025 shares of the stock were exchanged, compared to its average volume of 16,921,463. The business’s 50 day moving average price is $5.91 and its 200 day moving average price is $8.04. Direxion Daily AMD Bear 1X Shares has a twelve month low of $2.99 and a twelve month high of $21.45.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.1138 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 14.9%.

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.