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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a large increase in short interest during 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 trading volume of 713,042 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at $116,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the first quarter worth $551,000. OLD Mission Capital LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the fourth quarter worth $525,000. Jump Financial LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at $583,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the third quarter valued at $292,000.

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 company has a 50-day moving average of $29.33 and a two-hundred day moving average of $52.63.

Direxion Daily AMD Bear 1X Shares Announces Dividend

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

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.