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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 169,745 shares, a decline of 65.3% from the June 15th total of 488,531 shares. Based on an average daily trading volume, of 18,499,258 shares, the short-interest ratio is currently 0.0 days. Approximately 2.7% of the company’s shares are sold short.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMDD. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares in the 1st quarter worth approximately $116,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMD Bear 1X Shares during the second quarter worth $225,000. Susquehanna International Group LLP bought a new position in Direxion Daily AMD Bear 1X Shares during the third quarter worth $292,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily AMD Bear 1X Shares during the first quarter worth $664,000. Finally, Citadel Advisors LLC acquired a new position in Direxion Daily AMD Bear 1X Shares in the third quarter valued at $587,000.

Direxion Daily AMD Bear 1X Shares Price Performance

Shares of AMDD stock opened at $2.70 on Monday. Direxion Daily AMD Bear 1X Shares has a 1-year low of $2.62 and a 1-year high of $16.96. The stock has a 50-day moving average of $3.31 and a 200-day moving average of $6.72.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0249 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.10 annualized dividend and a yield of 3.7%.

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.