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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 105,444 shares, a decline of 57.5% from the February 26th total of 248,275 shares. Currently, 11.1% of the company’s shares are short sold. Based on an average daily trading volume, of 19,551,590 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily AMD Bear 1X Shares Stock Performance

Direxion Daily AMD Bear 1X Shares stock traded up $0.19 during trading hours on Friday, reaching $9.15. 3,697,484 shares of the company’s stock were exchanged, compared to its average volume of 14,391,585. The firm’s 50 day simple moving average is $8.98 and its 200 day simple moving average is $9.91. Direxion Daily AMD Bear 1X Shares has a twelve month low of $7.44 and a twelve month high of $34.74.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a dividend of $0.1138 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.46 annualized dividend and a yield of 5.0%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at $664,000. OLD Mission Capital LLC bought a new stake in Direxion Daily AMD Bear 1X Shares in the fourth quarter valued at $525,000. Jump Financial LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at about $583,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily AMD Bear 1X Shares during the 3rd quarter worth about $292,000. Finally, Citadel Advisors LLC bought a new stake in Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $587,000.

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.