Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Stock Short Interest Falls 69.7%

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 21,364 shares, a drop of 69.7% from the August 31st total of 70,449 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 385,964 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily AMD Bear 1X ETF Price Performance

NASDAQ:AMDD opened at $21.83 on Friday. The firm has a 50-day moving average of $28.63 and a 200-day moving average of $43.65. Direxion Daily AMD Bear 1X ETF has a one year low of $21.55 and a one year high of $148.50.

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

A hedge fund recently bought a new position in Direxion Daily AMD Bear 1X ETF stock. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,000 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned approximately 0.31% of Direxion Daily AMD Bear 1X ETF as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily AMD Bear 1X ETF 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.