Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Up 62.5% in May

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 307,086 shares, an increase of 62.5% from the April 30th total of 188,956 shares. Based on an average daily trading volume, of 22,508,651 shares, the short-interest ratio is currently 0.0 days. Approximately 7.2% of the shares of the stock are short sold.

Direxion Daily AMD Bear 1X Shares Trading Up 3.7%

Shares of AMDD opened at $3.10 on Friday. The business’s 50-day moving average price is $5.54 and its 200-day moving average price is $7.93. Direxion Daily AMD Bear 1X Shares has a twelve month low of $2.97 and a twelve month high of $21.45.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.1138 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.46 annualized dividend and a dividend yield of 14.7%.

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

Several hedge funds and other institutional investors have recently modified their holdings of AMDD. Jump Financial LLC purchased a new stake in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $583,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AMD Bear 1X Shares in the first quarter worth $551,000. OLD Mission Capital LLC purchased a new stake in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter worth $525,000. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily AMD Bear 1X Shares in the third quarter worth $587,000. Finally, Optiver Holding B.V. raised its position in shares of Direxion Daily AMD Bear 1X Shares by 103.2% in the third quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock worth $1,016,000 after buying an additional 35,733 shares in the last quarter.

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.