Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Down 65.3% in June

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 169,745 shares, a decrease of 65.3% from the June 15th total of 488,531 shares. Based on an average trading volume of 18,499,258 shares, the short-interest ratio is currently 0.0 days. Currently, 2.7% of the company’s shares are sold short.

Direxion Daily AMD Bear 1X Shares Stock Performance

Direxion Daily AMD Bear 1X Shares stock opened at $2.82 on Tuesday. Direxion Daily AMD Bear 1X Shares has a 52-week low of $2.62 and a 52-week high of $16.92. The firm has a 50 day moving average price of $3.27 and a two-hundred day moving average price of $6.68.

Direxion Daily AMD Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0249 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.10 annualized dividend and a dividend yield of 3.5%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new stake in Direxion Daily AMD Bear 1X Shares during the 1st quarter worth about $551,000. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at about $116,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares in the 2nd quarter valued at about $225,000. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $292,000. Finally, OLD Mission Capital LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the 4th quarter valued at about $525,000.

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.