Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Up 25.4% in December

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 148,448 shares, an increase of 25.4% from the December 15th total of 118,370 shares. Approximately 16.0% of the company’s stock are sold short. Based on an average trading volume of 3,727,589 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 3,727,589 shares, the days-to-cover ratio is currently 0.0 days. Approximately 16.0% of the company’s stock are sold short.

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

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the second quarter valued at about $225,000. Susquehanna International Group LLP acquired a new position in Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $292,000. Citadel Advisors LLC bought a new position in Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $587,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at about $664,000. Finally, Optiver Holding B.V. lifted its position in Direxion Daily AMD Bear 1X Shares by 103.2% during the third quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock worth $1,016,000 after acquiring an additional 35,733 shares during the last quarter.

Direxion Daily AMD Bear 1X Shares Price Performance

Shares of NASDAQ AMDD opened at $8.63 on Friday. The stock has a 50 day moving average price of $9.37 and a 200 day moving average price of $11.86. Direxion Daily AMD Bear 1X Shares has a 52 week low of $7.90 and a 52 week high of $34.74.

Direxion Daily AMD Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1569 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 7.3%. This is an increase from Direxion Daily AMD Bear 1X Shares’s previous quarterly dividend of $0.10.

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.