Short Interest in Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Rises By 370.9%

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 120,827 shares, an increase of 370.9% from the December 31st total of 25,657 shares. Based on an average daily volume of 168,153 shares, the days-to-cover ratio is currently 0.7 days. Approximately 15.7% of the shares of the company are short sold. Approximately 15.7% of the shares of the company are short sold. Based on an average daily volume of 168,153 shares, the days-to-cover ratio is currently 0.7 days.

Direxion Daily AMD Bull 2X Shares Stock Performance

AMUU stock opened at $73.93 on Friday. Direxion Daily AMD Bull 2X Shares has a 52 week low of $11.12 and a 52 week high of $101.84. The firm’s 50-day moving average is $60.21 and its two-hundred day moving average is $58.30.

Direxion Daily AMD Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.3171 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily AMD Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cresset Asset Management LLC purchased a new stake in Direxion Daily AMD Bull 2X Shares during the third quarter valued at about $407,000. Optiver Holding B.V. boosted its stake in shares of Direxion Daily AMD Bull 2X Shares by 410.5% during the 3rd quarter. Optiver Holding B.V. now owns 21,781 shares of the company’s stock valued at $886,000 after buying an additional 17,514 shares during the period. Jane Street Group LLC acquired a new stake in Direxion Daily AMD Bull 2X Shares during the second quarter valued at $1,443,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily AMD Bull 2X Shares during the 3rd quarter valued at about $78,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily AMD Bull 2X Shares in the third quarter valued at approximately $25,000.

Direxion Daily AMD Bull 2X Shares Company Profile

The Direxion Daily AMD Bull 2X Shares ETF (AMUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMUU was launched on Feb 12, 2025 and is issued by Direxion.