Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Sees Large Increase in Short Interest

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 50,048 shares, an increase of 240.0% from the October 15th total of 14,721 shares. Currently, 13.2% of the company’s stock are short sold. Based on an average daily trading volume, of 47,431 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily AMD Bull 2X ETF Trading Up 10.1%

Direxion Daily AMD Bull 2X ETF stock traded up $20.21 during mid-day trading on Thursday, hitting $219.30. 160,223 shares of the company’s stock were exchanged, compared to its average volume of 126,674. The stock has a 50 day moving average of $226.06 and a two-hundred day moving average of $162.43. Direxion Daily AMD Bull 2X ETF has a 1-year low of $37.95 and a 1-year high of $322.48.

Institutional Investors Weigh In On Direxion Daily AMD Bull 2X ETF

Hedge funds have recently modified their holdings of the business. Optiver Holding B.V. boosted its holdings in Direxion Daily AMD Bull 2X ETF by 40.7% in the 1st quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock valued at $1,239,000 after purchasing an additional 8,415 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Direxion Daily AMD Bull 2X ETF in the 3rd quarter valued at approximately $88,000. Finally, Tucker Asset Management LLC bought a new stake in Direxion Daily AMD Bull 2X ETF in the second quarter valued at $92,000.

About Direxion Daily AMD Bull 2X ETF

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.