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

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) saw a significant 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 trading volume, of 53,854 shares, the short-interest ratio is presently 1.4 days. Approximately 17.0% of the shares of the company are sold short.

Direxion Daily AMD Bull 2X ETF Price Performance

NASDAQ:AMUU traded down $25.82 during mid-day trading on Monday, reaching $178.28. The company’s stock had a trading volume of 29,277 shares, compared to its average volume of 139,892. Direxion Daily AMD Bull 2X ETF has a 12-month low of $35.19 and a 12-month high of $293.65. The firm’s fifty day moving average price is $198.40 and its two-hundred day moving average price is $157.04.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMUU. Hollencrest Capital Management bought a new stake in Direxion Daily AMD Bull 2X ETF in the 4th quarter worth approximately $44,000. Tucker Asset Management LLC bought a new position in shares of Direxion Daily AMD Bull 2X ETF during the 2nd quarter valued at $92,000. Cresset Asset Management LLC bought a new position in shares of Direxion Daily AMD Bull 2X ETF during the 3rd quarter valued at $407,000. Optiver Holding B.V. boosted its stake in shares of 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 during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily AMD Bull 2X ETF in the second quarter worth $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.