Short Interest in Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Declines By 71.6%

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 8,071 shares, a drop of 71.6% from the June 30th total of 28,417 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 94,438 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Direxion Daily AMD Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new stake in Direxion Daily AMD Bull 2X Shares in the fourth quarter valued at approximately $44,000. Cresset Asset Management LLC bought a new position in shares of Direxion Daily AMD Bull 2X Shares in the 3rd quarter valued at $407,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AMD Bull 2X Shares by 40.7% during the 1st quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock valued at $1,239,000 after acquiring an additional 8,415 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMD Bull 2X Shares during the 2nd quarter valued at $1,443,000.

Direxion Daily AMD Bull 2X Shares Price Performance

Shares of Direxion Daily AMD Bull 2X Shares stock traded down $23.61 during trading on Monday, reaching $202.37. 94,934 shares of the company’s stock were exchanged, compared to its average volume of 153,614. Direxion Daily AMD Bull 2X Shares has a 1-year low of $35.19 and a 1-year high of $293.65. The firm’s 50-day moving average price is $230.96 and its 200 day moving average price is $126.19.

Direxion Daily AMD Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.6762 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.70 annualized dividend and a dividend yield of 1.3%.

Direxion Daily AMD Bull 2X Shares Company Profile

The Direxion Daily AMD Bull 2X Shares ETF (AMUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMUU was launched on Feb 12, 2025 and is issued by Direxion.