Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Stock Short Interest Falls 69.7%

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 21,364 shares, a decrease of 69.7% from the August 31st total of 70,449 shares. Based on an average daily trading volume, of 385,964 shares, the short-interest ratio is currently 0.1 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily AMD Bear 1X ETF stock. IMC Chicago LLC purchased a new stake in Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 61,470 shares of the company’s stock, valued at approximately $551,000. IMC Chicago LLC owned 1.45% of Direxion Daily AMD Bear 1X ETF as of its most recent filing with the SEC.

Direxion Daily AMD Bear 1X ETF Price Performance

AMDD stock traded down $0.04 during midday trading on Friday, hitting $21.83. 484,909 shares of the company’s stock were exchanged, compared to its average volume of 1,441,331. Direxion Daily AMD Bear 1X ETF has a 1-year low of $21.55 and a 1-year high of $148.50. The business has a 50-day simple moving average of $28.63 and a two-hundred day simple moving average of $43.65.

About Direxion Daily AMD Bear 1X ETF

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.