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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant 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 currently 0.1 days. Approximately 16.6% of the shares of the company are short sold.

Direxion Daily AMD Bear 1X Shares Stock Down 1.2%

Direxion Daily AMD Bear 1X Shares stock traded down $0.37 during trading hours on Friday, reaching $29.47. 435,766 shares of the stock were exchanged, compared to its average volume of 1,687,890. Direxion Daily AMD Bear 1X Shares has a 52-week low of $26.10 and a 52-week high of $157.30. The firm’s 50 day moving average is $30.26 and its 200 day moving average is $60.87.

Direxion Daily AMD Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.249 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%.

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

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the 1st quarter worth approximately $116,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMD Bear 1X Shares during the 2nd quarter valued at about $225,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily AMD Bear 1X Shares in the third quarter worth approximately $292,000. OLD Mission Capital LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares in the fourth quarter valued at approximately $525,000. Finally, IMC Chicago LLC acquired a new position in Direxion Daily AMD Bear 1X Shares during the first quarter worth approximately $551,000.

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.