Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Sees Large Growth in Short Interest

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 76,324 shares, an increase of 255.0% from the August 15th total of 21,501 shares. Based on an average trading volume of 53,854 shares, the short-interest ratio is currently 1.4 days. Approximately 17.0% of the company’s stock are sold short.

Direxion Daily AMD Bull 2X ETF Trading Up 4.9%

NASDAQ:AMUU traded up $9.50 during mid-day trading on Friday, hitting $204.10. 45,008 shares of the company’s stock were exchanged, compared to its average volume of 140,538. Direxion Daily AMD Bull 2X ETF has a one year low of $35.19 and a one year high of $293.65. The business has a fifty day moving average price of $198.40 and a 200 day moving average price of $156.24.

Institutional Trading of Direxion Daily AMD Bull 2X ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Direxion Daily AMD Bull 2X ETF during the 2nd quarter valued at approximately $1,443,000. Cresset Asset Management LLC bought a new stake in Direxion Daily AMD Bull 2X ETF in the third quarter worth $407,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF in the fourth quarter worth $44,000. Optiver Holding B.V. grew its stake in shares of Direxion Daily AMD Bull 2X ETF by 40.7% in the first quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock worth $1,239,000 after acquiring an additional 8,415 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new position in shares of Direxion Daily AMD Bull 2X ETF during the second quarter valued at $92,000.

Direxion Daily AMD Bull 2X ETF 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.