Short Interest in Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Drops By 86.3%

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 14,552 shares, a drop of 86.3% from the July 15th total of 106,175 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 893,402 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMDD. Goldman Sachs Group Inc. acquired a new position in Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at about $664,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMD Bear 1X Shares during the 2nd quarter worth approximately $225,000. Citadel Advisors LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the third quarter worth approximately $587,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the third quarter worth approximately $292,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily AMD Bear 1X Shares in the fourth quarter valued at approximately $583,000.

Direxion Daily AMD Bear 1X Shares Stock Down 1.4%

Shares of NASDAQ AMDD traded down $0.42 during midday trading on Thursday, hitting $29.29. The stock had a trading volume of 362,765 shares, compared to its average volume of 1,635,221. Direxion Daily AMD Bear 1X Shares has a fifty-two week low of $26.10 and a fifty-two week high of $157.30. The company’s 50-day simple moving average is $29.76 and its 200 day simple moving average is $57.25.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.249 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 3.4%.

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.