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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDDGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 169,745 shares, a drop of 65.3% from the June 15th total of 488,531 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 18,499,258 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of AMDD. Renaissance Technologies LLC purchased a new position in Direxion Daily AMD Bear 1X Shares in the 1st quarter worth $116,000. Jane Street Group LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares during the second quarter valued at about $225,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AMD Bear 1X Shares in the 3rd quarter valued at about $292,000. Goldman Sachs Group Inc. bought a new stake in Direxion Daily AMD Bear 1X Shares in the first quarter valued at approximately $664,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily AMD Bear 1X Shares during the 3rd quarter valued at $587,000.

Direxion Daily AMD Bear 1X Shares Stock Performance

NASDAQ:AMDD opened at $2.76 on Wednesday. Direxion Daily AMD Bear 1X Shares has a 1 year low of $2.61 and a 1 year high of $15.99. The stock’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $6.63.

Direxion Daily AMD Bear 1X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0249 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily AMD Bear 1X Shares

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Direxion Daily AMD Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily AMD Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.