Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Sees Significant Decrease in Short Interest

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 240,444 shares, a decrease of 45.3% from the January 29th total of 439,197 shares. Currently, 25.3% of the company’s stock are short sold. Based on an average trading volume of 11,217,001 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 11,217,001 shares, the short-interest ratio is currently 0.0 days. Currently, 25.3% of the company’s stock are short sold.

Direxion Daily AMD Bear 1X Shares Trading Up 1.7%

Direxion Daily AMD Bear 1X Shares stock opened at $9.42 on Friday. The business’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $10.52. Direxion Daily AMD Bear 1X Shares has a 52 week low of $7.44 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. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.1569 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.63 dividend on an annualized basis and a yield of 6.7%. This is an increase from Direxion Daily AMD Bear 1X Shares’s previous quarterly dividend of $0.10.

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

A number of institutional investors have recently modified their holdings of AMDD. Jump Financial LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at approximately $583,000. OLD Mission Capital LLC bought a new position in Direxion Daily AMD Bear 1X Shares in the 4th quarter valued at $525,000. Citadel Advisors LLC bought a new position in Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at $587,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily AMD Bear 1X Shares by 103.2% in the 3rd quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock valued at $1,016,000 after buying an additional 35,733 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the first quarter worth $664,000.

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.