Short Interest in Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Decreases By 37.5%

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 106,175 shares, a drop of 37.5% from the June 30th total of 169,745 shares. Based on an average daily volume of 1,963,988 shares, the days-to-cover ratio is presently 0.1 days. Currently, 16.6% of the shares of the company are sold short.

Direxion Daily AMD Bear 1X Shares Trading Up 1.9%

NASDAQ AMDD opened at $30.42 on Friday. The business’s fifty day moving average is $30.17 and its 200 day moving average is $60.66. Direxion Daily AMD Bear 1X Shares has a fifty-two week low of $26.10 and a fifty-two week high of $157.30.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.249 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at approximately $116,000. Jane Street Group LLC bought a new stake in Direxion Daily AMD Bear 1X Shares during the 2nd quarter worth approximately $225,000. Susquehanna International Group LLP bought a new stake in Direxion Daily AMD Bear 1X Shares during the 3rd quarter worth approximately $292,000. OLD Mission Capital LLC purchased a new position in Direxion Daily AMD Bear 1X Shares during the fourth quarter valued at approximately $525,000. Finally, IMC Chicago LLC purchased a new position in Direxion Daily AMD Bear 1X Shares during the first quarter valued at approximately $551,000.

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.