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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) saw a large decline in short interest in 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. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 18,499,258 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Direxion Daily AMD Bear 1X Shares

A number of institutional investors and hedge funds have recently modified their holdings of AMDD. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares in the 1st quarter valued at $116,000. IMC Chicago LLC bought a new position in Direxion Daily AMD Bear 1X Shares during the first quarter worth $551,000. OLD Mission Capital LLC acquired a new stake in Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $525,000. Jump Financial LLC acquired a new stake in Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $583,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the third quarter valued at about $292,000.

Direxion Daily AMD Bear 1X Shares Stock Performance

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

Direxion Daily AMD Bear 1X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.0249 dividend. The ex-dividend date of this dividend 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.