Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Stock Short Interest Report for October

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 26,255 shares, an increase of 138.8% from the October 15th total of 10,993 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 231,935 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AMD Bear 1X ETF Trading Up 10.8%

NASDAQ:AMDD traded up $2.29 during midday trading on Friday, reaching $23.44. 1,995,663 shares of the stock traded hands, compared to its average volume of 1,314,692. The company has a fifty day moving average of $24.91 and a 200 day moving average of $46.99. Direxion Daily AMD Bear 1X ETF has a 12 month low of $20.82 and a 12 month high of $105.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily AMD Bear 1X ETF stock. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

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.