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

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

Direxion Daily AMD Bear 1X Shares Price Performance

NASDAQ:AMDD opened at $9.42 on Monday. The stock has a 50-day simple moving average of $9.00 and a two-hundred day simple moving average of $10.51. 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. Investors of record on Tuesday, December 23rd were paid a dividend of $0.1569 per share. This is a boost from Direxion Daily AMD Bear 1X Shares’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 23rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Investors Weigh In On Direxion Daily AMD Bear 1X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter worth approximately $525,000. Jump Financial LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares during the 4th quarter valued at $583,000. Susquehanna International Group LLP bought a new position in Direxion Daily AMD Bear 1X Shares in the 3rd quarter worth $292,000. Citadel Advisors LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares in the 3rd quarter worth $587,000. Finally, Optiver Holding B.V. raised its holdings in Direxion Daily AMD Bear 1X Shares by 103.2% during the third quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock valued at $1,016,000 after acquiring an additional 35,733 shares during the period.

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.