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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,400 shares, a drop of 91.9% from the August 31st total of 17,200 shares. Based on an average trading volume of 677,800 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 677,800 shares, the short-interest ratio is currently 0.0 days.

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

A hedge fund recently bought a new stake in Direxion Daily AMD Bear 1X Shares stock. Jane Street Group LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,260 shares of the company’s stock, valued at approximately $225,000. Jane Street Group LLC owned about 5.30% of Direxion Daily AMD Bear 1X Shares as of its most recent SEC filing.

Direxion Daily AMD Bear 1X Shares Stock Down 1.4%

AMDD stock opened at $14.24 on Thursday. The company has a fifty day moving average price of $14.26 and a 200-day moving average price of $19.72. Direxion Daily AMD Bear 1X Shares has a 52-week low of $12.65 and a 52-week high of $34.74.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 23rd.

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.