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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 696,917 shares, an increase of 126.9% from the May 14th total of 307,086 shares. Based on an average daily volume of 17,047,774 shares, the days-to-cover ratio is presently 0.0 days. Currently, 16.4% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

Several hedge funds have recently made changes to their positions in AMDD. Renaissance Technologies LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at about $116,000. IMC Chicago LLC bought a new stake in Direxion Daily AMD Bear 1X Shares during the first quarter worth approximately $551,000. OLD Mission Capital LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at approximately $525,000. Jump Financial LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at approximately $583,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at approximately $292,000.

Direxion Daily AMD Bear 1X Shares Stock Down 4.3%

Direxion Daily AMD Bear 1X Shares stock opened at $3.10 on Friday. The firm’s fifty day moving average is $4.88 and its 200 day moving average is $7.68. Direxion Daily AMD Bear 1X Shares has a 52-week low of $2.97 and a 52-week high of $21.33.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.1138 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 14.7%.

Direxion Daily AMD Bear 1X Shares Company Profile

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.