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

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,159 shares, a drop of 67.5% from the May 14th total of 61,934 shares. Based on an average daily trading volume, of 141,126 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.4% of the shares of the company are short sold.

Direxion Daily AMD Bull 2X Shares Stock Performance

AMUU traded up $22.20 during trading on Friday, reaching $234.21. 163,840 shares of the company’s stock were exchanged, compared to its average volume of 168,866. Direxion Daily AMD Bull 2X Shares has a 1 year low of $22.69 and a 1 year high of $272.68. The company’s fifty day simple moving average is $146.57 and its 200-day simple moving average is $86.24.

Direxion Daily AMD Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.2253 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Investors Weigh In On Direxion Daily AMD Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in AMUU. Jane Street Group LLC acquired a new stake in Direxion Daily AMD Bull 2X Shares in the 2nd quarter valued at $1,443,000. Optiver Holding B.V. grew its stake in Direxion Daily AMD Bull 2X Shares by 410.5% in the 3rd quarter. Optiver Holding B.V. now owns 21,781 shares of the company’s stock valued at $886,000 after acquiring an additional 17,514 shares during the period. Cresset Asset Management LLC acquired a new stake in Direxion Daily AMD Bull 2X Shares in the 3rd quarter valued at $407,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily AMD Bull 2X Shares during the 3rd quarter worth $78,000. Finally, Hollencrest Capital Management acquired a new stake in Direxion Daily AMD Bull 2X Shares during the 4th quarter worth $44,000.

About Direxion Daily AMD Bull 2X Shares

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.