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

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 daily volume of 713,042 shares, the short-interest ratio is presently 0.0 days. Currently, 3.4% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of AMDD. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at $116,000. Jane Street Group LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the 2nd quarter worth $225,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the 3rd quarter worth $292,000. OLD Mission Capital LLC acquired a new stake in shares of Direxion Daily AMD Bear 1X Shares during the fourth quarter worth $525,000. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMD Bear 1X Shares during the first quarter worth $551,000.

Direxion Daily AMD Bear 1X Shares Stock Down 0.3%

Shares of NASDAQ AMDD opened at $30.45 on Monday. Direxion Daily AMD Bear 1X Shares has a 1 year low of $26.10 and a 1 year high of $157.30. The firm’s 50-day moving average is $29.33 and its 200-day moving average is $52.63.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 23rd.

Direxion Daily AMD Bear 1X Shares Company Profile

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.